Political Meme Coin Economy Shrinks by $420M as US Election Nears

Bitcoin.comPublicado em 2024-09-08Última atualização em 2024-09-09

Resumo

As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown to constitutiondao (PEOPLE).

As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown to constitutiondao (PEOPLE).
Political Meme Coins Bleed Millions
Political finance (politifi) coins have taken a hit over the last three months, despite the looming U.S. election. Data from June 3, 2024, shows that the politifi crypto economy was valued at $875 million.
Since then, a whopping $420 million has disappeared, leaving the current market cap of political meme tokens at $455 million. While that’s still a hefty amount, it’s a mere sliver—exactly 0.07%—of the $600 billion lost from the broader crypto economy since June 3.

Political Meme Coin Economy Shrinks by $420M as US Election Nears


Back then, maga (TRUMP) coins were trading at $14.42 each, but today they’ve plunged to $3.04. Constitutiondao (PEOPLE) stood at $0.11 per token in early June and now trades for $0.052.
Maga hat (MAGA) dropped from $0.0004243 to $0.00009719 over the same period. We’ve also seen plenty of shakeups and new politifi tokens hitting the scene, like the meme token jeo (BODEN), which plummeted after President Joe Biden announced he wouldn’t run for reelection in 2024.
Before the announcement on June 3, BODEN was trading at $0.26 but has since dropped to $0.005684. Meanwhile, the crypto asset kamala horris (KAMA) wasn’t even on the radar back then, but today KAMA boasts a $8.95 million market cap.


It’ll be fascinating to see what happens after the Nov. 5, 2024 election with these coins and the politifi communities in the aftermath of the big decision. Amid a flood of hefty donations to select candidates, the explosion of Polymarket bets, and the rise of politifi meme coins, U.S. politics has firmly planted itself at the heart of the crypto scene.
What do you think about the rise of politifi meme coins and the subsequent fall in value as the election draws near? Share your thoughts and opinions about this subject in the comments section below.

Criptomoedas em alta

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

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Como comprar PEOPLE

Bem-vindo à HTX.com!Tornámos a compra de ConstitutionDAO (PEOPLE) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar ConstitutionDAO (PEOPLE) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu ConstitutionDAO (PEOPLE)Depois de comprar o teu ConstitutionDAO (PEOPLE), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona ConstitutionDAO (PEOPLE)Transaciona facilmente ConstitutionDAO (PEOPLE) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

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Como comprar PEOPLE

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