According to Arkham Intelligence, Donald Trump currently holds around 579,290 TRUMP tokens, worth approximately $1 million. However, the MAGA Hat (MAGA) token, which is not directly affiliated with Trump, has also experienced a similar drop. According to CoinGecko data, MAGA token surged to $0.0002 following the election victory but has fallen 55% over the past 24 hours.

Other Trump-themed memecoins have also plummeted. Dark MAGA (DMAGA) dropped by 75%, Super Trump (STRUMP) by 50%, and MAGA: Fight for Trump (TRUMPCOIN) by 56%.

Donald Trump won the presidential election on November 6, surpassing the 270 electoral vote threshold with a total of 295 votes. Kamala Harris received 226 votes, with only 17 votes remaining to be counted in Nevada and Arizona.

Meanwhile, other memecoins saw gains. Dogecoin rose by 10% throughout the day, reaching $0.20, while Shiba Inu gained 6%, and the third largest memecoin by market cap increased by 18%. According to CoinGecko data, the rise of these memecoins continues.

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