As the U.S. presidential election results just around the corner, the cryptocurrency market is experiencing significant activity—not just with Bitcoin and Ethereum prices, but also with a flood of new memecoins. In just 24 hours, a wave of politically-themed tokens flooded the scene, as memecoins like DOGE, ELON, MAGA, and DJT have surged to the top of trending charts this week.
Here’s what you need to keep your eye on.
According to Santiment, a leading on-chain analytics platform, several politically-themed memecoins are generating a lot of social media attention. Among the most-discussed are Dogecoin (DOGE), Dogelon Mars (ELON), and tokens linked to political figures like MAGA and DJT.
This surge in interest aligns with the latest U.S. election updates, where Donald Trump is currently leading with 51.7% of the vote, followed closely by Kamala Harris with 47.5%.
Trump’s lead in the polls is drawing more attention to tokens connected to him. The combination of election news and social media buzz is helping these tokens gain popularity.
According to Dextools, Election-themed tokens have flooded the cryptocurrency market. Over 40 Trump-related tokens were launched on Ethereum, and more than 100 appeared on Solana within just hours.
More established tokens, like MAGA and KAMA, have seen significant trading with MAGA token alone pushing its market cap over $150 million. Meanwhile, the Kamala Harris-themed KAMA token rose 150% on November 1 before falling by 50%.
The trend of election-related tokens isn’t new, but it’s gaining ground as the election approaches. Data from CoinMarketCap reveals that “PolitiFi” tokens, such as the PEOPLE token from ConstitutionDAO, now hold a collective market cap exceeding $600 million.
ConstitutionDAO (PEOPLE) leads with $347 million, while MAGA-themed coins maintain steady interest as political discussions intensify.
Political tokens have been trending since September, reflecting the connection between major real-world events and the crypto market.
With every tweet and poll, the crypto world is watching closely—the real question now is how long this election-themed token rush will last.
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