PoltiFi tokens and non-fungible tokens (NFTs) inspired by former President Donald Trump took flight as the GOP nominee gained the upper hand in key battleground states.
What happened: Maga, the largest of all Trump-themed coins, shot up 21% in the last 24 hours to a market capitalization of $185 million, according to CoinGecko.
Doland Tremp, parodying the former president’s name, swelled nearly 40%, while Maga Hat ballooned to 21%.
Interestingly, despite having a lower market cap, MAGA clocked higher trading volume than TRUMP.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:23 p.m. ET) |
| Doland Tremp (TREMP) | +39.6% | $0.4114 |
| Maga Hat (MAGA) | +21.1% | $0.0001982 |
| Maga (TRUMP) | +18.4% | $4.11 |
| Trump 47 (47) | +11.2% | $0.01437 |
In contrast, Kamala Horris (KAMA), a coin themed around Vice President Kamala Harris, tumbled over 13% in the last 24 hours.
See Also: Nate Silver’s Closest Call Yet: How 2024’s Election Stands Apart From His Predictions In 2016 And 2020
Trump's NFT collections also received a boost. The latest of his digital cards, "America First Edition," saw its floor price increase 5% in the last 24 hours, according to NFT Price Floor.
The "Mugshot Edition," launched in Dec. 2023, was up 2.94%.
For the uninitiated, the floor price of an NFT is the lowest price at which an NFT in a collection can be purchased. It’s a key metric for buyers to understand the market value and accessibility of a collection.
The spike in Trump-associated cryptocurrencies came as the Republican hopeful won the red states of Kentucky, Florida and Indiana, and was leading in the swing state of Georgia as of this writing.
Image via Flickr
Read Next:
- Robinhood’s Election Contracts Hit 200 Million Trades On Election Day
