Within the meme coin space, politifi tokens are clinging to survival. Bitcoin.com News first reported on the decline the day after the election, and while a few have shown slight rebounds, many are now considered relics. Take kamala horris (KAMA), for instance, a token named after Vice President Kamala Harris. It has plummeted 98.8% from its all-time high of $0.039 and now trades at just $0.0004486.
Similarly, jeo boden (BODEN), inspired by President Joe Biden, has dropped 99.5% from its peak of $1.04 reached seven months ago, now sitting at $0.004822 per token. Even Trump-themed coins have not fared well despite his 2024 election win. For instance, maga (TRUMP) is currently priced at $1.50 after a 4.2% dip today. On June 1, 2024, just six months ago, TRUMP was trading at an all-time high of $17.51—a staggering 91.4% higher.
Most other Trump-inspired tokens have followed a similar downward trajectory, losing significant value since their June 2024 highs. Back then, the politifi sector was valued at nearly $2 billion, with a total of $1.996 billion. Today, its worth has shrunk by 75.21%, standing at $495.31 million. Moreover, the politifi market now represents a mere 0.4026% of the meme coin economy’s $123.10 billion valuation, compared to the 3.222% share it held in June when the total market was $61.92 billion.
Despite the steep decline in politifi meme tokens, Trump-themed coins seem to cling to a lifeline, tethered to his recent election victory. While their values are a shadow of their highs, their resilience suggests a lingering interest tied to Trump’s political prominence. This faint pulse may indicate that political sentiment still holds some sway in speculative markets like meme coins.
The dramatic fall of politifi tokens underscores the sector’s tenuous appeal, yet Trump-related coins highlight a unique exception. The connection to his presidential win appears to offer a semblance of buoyancy, hinting at the enduring influence of political victories and mishaps. These coins, while diminished, remain a barometer of how politics and crypto can intersect in the meme economy.
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