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International Business Times
International Business Times
Business
Marvie Basilan

Are PolitiFi Memecoins Like $TRUMP, $MAGA Dying?

Donald Trump PolitiFi MAGA Crypto United States
Is this the beginning of the end for PolitiFi memecoins? (Credit: IBTimes US)

KEY POINTS

  • $TRUMP, once a powerhouse in the segment, is trading at around $1.46 from its post-election high of $4.63
  • Other Trump-themed memecoins such as $STRUMP and $DMAGA have also plummeted significantly
  • $BABYTRUMP took a different route in the past week, surging amid the broader PolitiFi bloodbath

PolitiFi, the convergence of politics and blockchain finance, made a huge name for itself in the lead-up to the 2024 U.S. elections as political-themed tokens surged and outperformed some of the world's most established cryptocurrencies, such as Bitcoin and Ethereum.

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