Donald Trump’s US election victory and increased enthusiasm have not increased the prices of Trump-themed meme coins to the desired extent. Particularly due to the “sell the news” trend, these tokens experienced a double-digit decline following the victory.
Trump Themed Tokens
Following the US election victory, some tokens associated with Trump lost value, despite the overall crypto market rising. Investors’ tendency to “sell the news” has shaken confidence in political tokens and increased market activity. Essentially, these altcoins did not have much of a function during Trump’s presidency since he had already won. PolitFi tokens have not performed as expected as volume has shifted to prediction markets in recent months.
Some of the Trump-themed meme coins dropped over 25% in market value in the immediate aftermath of the victory. Tokens such as TRUMP, MAGA, and TREMP have seen major losses and have shown that they are susceptible to volatility.
Trend towards Bitcoin and Altcoins
Many investors are moving away from Trump-themed meme coins and investing in Bitcoin. 
$75,017 and turning to other altcoins. Bitcoin reaching new highs strengthened the expectation of a possible bull market.
MAGA, the largest Trump-themed meme coin, dropped 24.26% in the last 24 hours to $1.97. This decline in the market revealed the high volatility of tokens due to political events.
Dark MAGA fell 20% from pre-election levels to $0.0048, losing over $2.6 million in market value. Such tokens tend to lose value rapidly depending on political events.
This situation is parallel to the fact that other meme coins also experienced rapid declines after their peaks. Since event-driven tokens are sensitive to political changes, significant fluctuations in their value are considered reasonable.
The decline in meme coins despite Trump’s victory may indicate that interest in such tokens has weakened and liquidity has shifted to other areas. Investors are expected to turn to more stable and widely accepted crypto assets. Assets such as ADA Coin and ETH are up over 5 percent today, while BTC recently jumped to a new all-time record high of $76,849.
In summary, following the US election results, Trump-themed meme coins experienced serious declines. Investors are turning to more reliable cryptocurrencies than these tokens with high volatility. In the future, the sustainability of such political tokens remains uncertain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
