Overview of Meme Coin Performance
The meme coin market is showing mixed results today, with cat- and dog-themed coins performing particularly well. The overall market capitalization of meme coins has increased slightly by 0.4%, reaching $56.5 billion.
- Top Performers: HEHE has seen a 60% rise to $0.02383, followed by Catcoin (CAT) with a 57% increase. Catwifhat (CWIF) is up 41%, while other coins in the green list have gained up to 33%.
- Biggest Losers: ChompCoin (CHOMP) dropped 21% to $0.2132, with MONGY falling 18% to $0.02151. SAD HAMSTER (HAMMY) decreased by 15.4%, and other coins in the red list saw drops of up to 12%.
PolitFi Meme Cryptos: Mixed Performance
Political-Themed Meme Coins
Political Finance (PolitiFi) meme coins, inspired by political figures but unaffiliated with them, have experienced a mixed performance over the last 24 hours. The market capitalization of these coins has decreased by 2%, now standing at $972 million.
- Top Market Cap: ConstitutionDAO (PEOPLE) holds the highest market cap at nearly $420 million, followed by MAGA (TRUMP) with $310.8 million, and MAGA Hat (MAGA) at $70.1 million.
- Price Changes: Joe Boden (BODEN) experienced the largest drop, falling 60.5%. In contrast, Super Trump (STRUMP) rose by 18.3%. Over the past week, Tooker kurison (TOOKER) saw the highest gain, appreciating 105%, while BODEN also recorded the biggest weekly drop.
KAMA Coin Soars Amid Political Developments
Impact of Biden’s Withdrawal
In significant news, KAMA Coin surged by 61% following President Joe Biden’s withdrawal from the 2024 presidential race. He endorsed Vice President Kamala Harris as the Democratic nominee.
- Market Reaction: BODEN, one of the top PolitiFi tokens, dropped 60.5% in the past day and 74% over the week, now trading at $0.008901. Conversely, Kamala Horris (KAMA) rose 65.4% in 24 hours, currently priced at $0.01742.
- Long-term Performance: Over the past week, KAMA is up 329%, and over the past month, it has skyrocketed 1,582%. The coin is 31.3% below its all-time high but 2,765% above its all-time low.
MAGA Coins Decline
Trump-Related Meme Coins
Donald Trump’s continued campaign efforts have influenced meme coin trends. Among the top PolitiFi coins, three Trump-related coins have increased in value, while others have declined.
Price Decreases: MAGA (TRUMP) fell 4.3% to $6.75 over the past day, and it is down 18.4% over the week and 15% over the month. MAGA Again (MAGAA) saw the largest decline, dropping 38.3% to $0.01483 in the past day. MAGA VP (MVP) and Fight to MAGA (FIGHT) also fell by 5.3% and 14.5%, respectively.
Price Increases: MAGA Hat (MAGA) is up 18%, Super Trump (STRUMP) has increased by 7.6%, and Doland Tremp (TREMP) has risen by 5%.
The post Meme Coin News: PolitFi Meme Coins Are Trending, But MAGA Price Drops appeared first on Cryptonews.
