MAGA

<p>Political meme coins, once a source of massive excitement in the cryptocurrency space, have recently been met with severe crashes, underscoring their volatile and speculative nature. Seems like investors are selling the news, showing traders capitalizing on market volatility after U.S. presidential election result.</p> 
<p>In a striking example, Kamala tokens plummeted by 95% from the previous day, effectively fading into crypto oblivion. At the time of writing, the token’s price has dropped to $0.0003148.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="379" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price-1024x379.png" alt="Kamala Harris Token Price" class="wp-image-212870" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price-1024x379.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price-615x227.png 615w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price-768x284.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price-860x318.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Kamala-Price.png 1501w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Kamala Harris Token Price, Source: <a href="https://coinmarketcap.com/currencies/kamala-harris-coin/" target="_blank" data-type="link" data-id="https://coinmarketcap.com/currencies/kamala-harris-coin/" rel="noreferrer noopener nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div> 
<p>Meanwhile, other political-themed coins like MAGA, Pepe Trump, and even the “47th President of the United States” token experienced significant drops, with MAGA down by 42%, Pepe Trump by 59%, and the presidential token falling by 67%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="368" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price-1024x368.png" alt="MAGA Token Price" class="wp-image-212871" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price-1024x368.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price-615x221.png 615w, https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price-768x276.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price-860x309.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/11/MAGA-price.png 1495w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   MAGA Token Price, Source: <a href="https://coinmarketcap.com/currencies/maga/" target="_blank" data-type="link" data-id="https://coinmarketcap.com/currencies/maga/" rel="noreferrer noopener nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div> 
<p>Currently, the MAGA token is priced at $2.24, while the Pepe Trump token trades at $0.001498, and the “47th President of the United States” token sits at $0.0003787.</p> 
<p>The meteoric rise of these tokens is often fueled by the buzz surrounding political events, such as elections or rallies, where supporters rally behind specific candidates or causes. However, once the hype dissipates or the political event concludes, these coins quickly lose their appeal, leading to steep price corrections.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/11/06/bitcoin-price-hits-74900-as-trump-leads-harris-in-election-race/">Bitcoin Price Hits $74,900 as T</a><a href="https://www.cryptotimes.io/2024/11/06/bitcoin-price-hits-74900-as-trump-leads-harris-in-election-race/" target="_blank" rel="noreferrer noopener">rump Leads Harris in Election Race</a><br></p> 
</blockquote>

Political Meme Coins Crash – Is It ‘Sell the News’ Time?

The Crypto Times

Other articles published on Nov 7, 2024

YANDI.ga: Revolution in Media Content and WEB3

Crypto Trading Volume Rebounds to $5.19 Trillion in October 2024, Driven by Derivatives Market

Best Cryptos to Buy Now for Maximum Profit: Top Cryptocurrency Picks (Nov 2024)

SA Police arrest e-hailing driver for $37,000 fraud on riders card

Weekly Article Recap: 10/28-11/01

BlackRock’s IBIT Hits $4.1B in Daily Trading Volume Following Trump’s Win

Join our free newsletter for daily crypto updates!