Trump-Themed Meme Coins Surge Ahead of U.S. Election

As the U.S. presidential election approaches, political meme coins have seen significant movement, with Trump-themed tokens rallying and Kamala-themed coins dipping. The PolitiFi category, tracking politically themed meme coins, rose by 7% over the past day, according to CoinGecko.

Leading the surge, Maga (TRUMP) jumped 25.4% in the past 24 hours, reaching a market cap of $167 million. Maga Hat (MAGA) followed with a 35.5% gain, while Doland Tremp (TREMP) climbed 18.3%. Conversely, Kamala-themed meme coins have dropped, with KAMA down 21% and Kumala Herris (MAWA) slipping by 6.5%.

However, this daily momentum contrasts with the broader weekly trends. Despite today’s dip, KAMA has risen nearly 60% over the past week, while TRUMP, MAGA, and TREMP have all seen double-digit declines.

Political Sentiment and Market Impact

The weekend brought political shockwaves as a new poll from Iowa showed Vice President Kamala Harris leading Trump by three points. This poll affected prediction markets, with Polymarket bettors adjusting Trump’s odds, now standing at 59.1%.

In the political meme coin market, tokens linked to the losing candidate are likely to take a sharp hit post-election. This pattern was evident in August, when a token tied to Pennsylvania Governor Josh Shapiro plummeted 94% after he missed out on the VP selection.

Outside the main players, TrumpCoin (DJT), a meme coin tied to Barron Trump, oddly surged 94.8% in a day and 185% over the week. DJT had previously crashed in August after a large holder offloaded 20% of the supply. Controversially, DJT was launched by Martin Shkreli, who claimed Barron Trump co-created it with him.

Peanut the Squirrel and Moo Deng the Hippo Enter the Meme Coin Scene

Adding to the political meme coin landscape, Solana-based PNUT—a coin dedicated to a pet squirrel named Peanut, who was euthanized by New York state authorities—skyrocketed over the weekend. The incident was quickly politicized, with Trump’s running mate JD Vance expressing Trump’s support for the cause. PNUT’s rise highlights the meme coin market’s responsiveness to viral stories.

Meanwhile, viral baby pygmy hippo Moo Deng has drawn attention with its “prediction” of a Trump victory. The hippo’s name is tied to a Solana meme coin (MOODENG), which gained 6.5% on the day but remains down 27.5% over the week.

Conclusion: The Unpredictable Nature of Political Meme Coins

With the election just a day away, political meme coins remain volatile, influenced by public sentiment, polling data, and viral stories. While Trump-themed coins continue to rally, Kamala-themed coins face declines. As the votes come in, the meme coin market is poised for further shifts, underscoring the unpredictable nature of political and sentiment-driven tokens.