Trump-themed memecoins rally amid a lull in the broader crypto market.
Trump-themed memecoin MAGA surged as much as 78% on May 9 following Republican presidential candidate Donald Trump’s comments on cryptocurrencies.Its 24-hour trading volume has jumped 620% to rest at $281.8 million, and with a market cap of $281.8 million, TRUMP is ranked at position 248 at CoinGecko. At the time of publication, the token was the 13th largest memecoin by market capitalization.
“I’m fine with it. I want to make sure it’s good and solid and everything else. But I’m good with it. And if you like crypto in any form , if you are in favor of crypto, you better vote for Trump.”According to pseudonymous X user Crypto Koryo, CoinMarketCap listed a record 138 erc-20 memecoins in April 2024, extending the parabolic rise of 666% from April 2023’s tally of just 18.erc-20 tokens is going parabolic in 2024.
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