3 Reasons Why Trump Meme Coins Are Suddenly Up Today?

Donald Trump’s inauguration as the 47th US President is just six weeks away, but he is already busy selecting the right people by his side in this presidency. With this political shift, the crypto market has been experiencing a big rally for weeks and might continue for a significant time, per analysts. In this, the Trump meme coins also faced a boost, increasing their demand. However, this boost is not constant, as it is too far from their prime days. Interestingly, today is different as they are all up after significant surges.

Donald Trump Meme Coins On The Rise

With Donald Trump changing his perspective on the crypto industry, creators are launching more and more Trump-themed meme coins to the crypto market. More importantly, these are gaining significant attention, as they are highly volatile and pump easily with Trump-related news. Today, all the major Trump meme coins are up, including tokens like MAGA, TRUMP, STRUMP, and others per CoinmarketCap.

In this, the MAGA (maga-hat.vip) is on a week-long rally, where the price has surged 81%. More importantly, it has gained 10% of its value in the last 24 hours, currently trading at $0.0001072 with market capitalization and trading volume of $41.84M and $16.24M.

The next in line is the Crypto President Trump (TRUMP), launched just three days ago. In this period, the token has surged 62809.24%, showcasing high demand. In the last 24 hours alone, its value has surged 519%, currently valued at $0.006784. Additionally, its market capitalization and trading volume are at $568.02M and $28.19M.

Super Trump Coin (STRUMP) is also following a major rally, as the price has surged more than 19% today. This surge is because of the increased trading activity for the token, as the 24-hour trading volume has surged 500% to $4.42M.  Presently, it is trading at $0.002448 with a market capitalization of $4.50M.  Interestingly, the same is the case with many other Trump meme coins, confirming an increased demand for this category of tokens.

3 Reasons Why Trump-Themed Meme Coins Are Bullish Today

Despite their association with Donald Trump, these Trump-themed meme coins are not always bullish and have declined from their prime. However, the building momentum and the upcoming Trump inauguration can push these tokens to new highs. For now, today’s surge in Trump tokens is surprising, but these three factors made that happen.

1. Donald Trump Crypto Czar David Sacks

The biggest reason behind the ongoing Trump meme coins surge is Donald Trump appointing David Sacks as the White House A.I. and Crypto Czar. David is a venture investor and podcaster and has already begun showing interest in crypto regulation. As a crypto czar, David’s main role is to build a crypto’s legal framework. This news itself is increasing trust in the crypto industry.

2. Pro-Crypto Administration

Donald Trump has appointed many crypto-friendly associates for this term. It includes picking Paul Atkins for the SEC Chair position. As a result, the excitement is increasing among investors to witness better regulations in this pro-crypto administration. Many industry experts have openly acknowledged that Gary’s leadership has restricted the crypto industry’s growth. With Trump working on his 11 crypto industry promises, including turning the US into crypto capital, investors are eyeing higher gains with Trump-themed tokens.

3. Crypto Market Rally & FOMO Returning To Trump Meme Coins

On December 5, 2024, Bitcoin price created a new ATH at $103,900.47, crossing the $100k mark. The token has been bullish for weeks and maintained the crypto market rally. The impact is also visible in the Trump-themed meme coins, as FOMO is building for these tokens. Donald Trump also congratulated the industry for this achievement and took some credit, writing, “YOU’RE WELCOME!!!

Although the Bitcoin price has moved down to $99.5k, the user’s sentiments are ‘extremely bullish, which may lead to further gains.

Final Thoughts

The crypto market is in the prime of 2024, and investors are anticipating this rally to turn into a bull run. With the ‘extremely bullish sentiments,’ and Trump building the pro-crypto administration, the cryptocurrencies are bullish, including the Trump meme coins. More importantly, Donald Trump has appointed David Sacks as the White House A.I. and Crypto Czar, so transparent and crypto-favorable regulations might be coming next. As a result, investors are focusing on the Trump-themed meme coins in anticipation of their future rallies with the Trump administration.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.