{"id":29070,"date":"2024-09-12T14:30:42","date_gmt":"2024-09-12T11:30:42","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29070"},"modified":"2024-09-12T10:44:21","modified_gmt":"2024-09-12T07:44:21","slug":"trump-inspired-memecoins-fall-following-debate","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-inspired-memecoins-fall-following-debate\/","title":{"rendered":"Trump-Inspired Memecoins Fall Following Debate"},"content":{"rendered":"<p>Inspired by former President <strong>Donald Trump<\/strong>, memecoins are selling Wednesday following the first, maybe only, debate with current Vice President Kamala Harris ahead of the U.S. election in November. Based on CoinGecko, the total PolitiFi market capitalization is at $535 million, a 9% drop in the last 24 hours. Inspired by political leaders, memecoins known as PolitiFi have no official relationship to any one of them.<\/p>\n<p><em>&#8220;The market is reacting knee-jerk to apparently a better-than-expected performance by Harris in the debate so far,&#8221;<\/em> Presto&#8217;s head of research Peter Chung said Tuesday night.<\/p>\n<p>Having a market capitalization of $132 million, MAGA is the biggest of these coins and down 16%. While MAGA Hat (MAGA) and Doland Tremp (TREMP +1.77%) are down a sharper 22% and 28%, respectively, <strong>Super Trump (<a href=\"https:\/\/coinmarketcap.com\/tr\/currencies\/super-trump-io\/\">STRUMP<\/a>)<\/strong> is down 10%. Other <strong>Trump-centric tokens<\/strong> showing notable selloff\u2014that is, at least 20%\u2014are Dark MAGA (DMAGA) and Fight to MAGA (FIGHT). About 11% of the Kamala Horris (KAMA) token is down.<\/p>\n<p>The price movement in these memecoins has become normal for such kinds of events because the coins had comparable selloffs after <strong>Trump&#8217;s <\/strong>debate with Biden as well as his live X interview with Elon Musk.<\/p>\n<p><em>&#8220;The U.S. presidential debate was a sell-the-news event with <strong>Trump&#8217;s<\/strong> performance underwhelming in comparison to his previous debate against Biden, and the consensus view seems to be that it was a loss for him,&#8221;<\/em> Bitfinex analysts noted.<\/p>\n<p>The issue of cryptocurrencies never surfaced throughout the ninety-minute debate. Over on Wall Street, <strong>Trump Media &amp; Technology Group Corp. (ticker: DJT)<\/strong> was down 11% at publishing time, downing about 60% over the past six months.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inspired by former President Donald Trump, memecoins are selling Wednesday following the first, maybe only, debate with current Vice President Kamala Harris ahead of the U.S. election in November. Based on CoinGecko, the total PolitiFi market capitalization is at $535 million, a 9% drop in the last 24 hours. Inspired by political leaders, memecoins known<\/p>\n","protected":false},"author":6,"featured_media":29074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1730,8572,8571],"class_list":["post-29070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-donald-trump","tag-super-trump","tag-trump-media-technology-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump-Inspired Memecoins Fall Following Debate - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-inspired-memecoins-fall-following-debate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Inspired Memecoins Fall Following Debate - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Inspired by former President Donald Trump, memecoins are selling Wednesday following the first, maybe only, debate with current Vice President Kamala Harris ahead of the U.S. election in November. Based on CoinGecko, the total PolitiFi market capitalization is at $535 million, a 9% drop in the last 24 hours. 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