Bitcoin, Meme Cash, Coinbase Soar On Donald Trump Win Even As Trump-Themed Tokens Implode

Bitcoin, meme cash and Coinbase shares soared after Donald Trump received the US election, at the same time as tokens linked to the incoming president nosedived.

JUST IN 🚨: Coinbase $COIN soars by greater than 30%, its largest acquire in historical past 📈 pic.twitter.com/L7QuNzWAuS

— Barchart (@Barchart) November 6, 2024

BTC soared greater than 10% from a gap value of $67,850.01 yesterday to commerce at $74,756.42 as of two:40 a.m. EST.

In the meantime, meme coins stole the present with a 13% surge of their collective market cap.

And the post-election good points weren’t restricted to crypto tokens, with the share value of Coinbase, the main US crypto alternate, soaring over 31% throughout yesterday’s buying and selling session.

Small-Cap Meme Cash Rally After Donald Trump Win

Smaller-cap meme cash had been the highest gainers within the lighthearted sector of the crypto market. Following a formidable 301% acquire, AMATERASU OMIKAMI (OMIKAMI) claimed the title of the most effective 24-hour performer within the meme coin market. 

Joe Coin (JOE) and Luce (LUCE) got here in second and third place with their respective good points of 47% and 32%. The fourth largest acquire within the meme coin market was posted by Keyboard Cat (KEYCAT), with Moo Deng (MOODENG) and Neiro On ETH (NEIRO) filling within the fifth and sixth positions.

Bigger tasks together with Dogecoin (DOGE) and Dogwifhat (WIF) had been among the many worst-performing meme cash. Legacy token and pioneering meme coin DOGE noticed its value plummet over 8% within the final 24 hours, whereas WIF shed greater than 5% of its worth throughout the identical interval.

Trump Tokens Take A Hammering

Political meme cash took an enormous knock, with their collective valuation plunging over 21%. Most of those losses had been recorded by tokens linked to Trump.

Among the largest on this class, comparable to MAGA Hat (MAGA), MAGA (TRUMP) and TRUMP 47 (47) misplaced probably the most worth. MAGA dived greater than 49%, whereas TRUMP plunged over 46% and 47 plummeted 70%.

Not all political meme cash are struggling after the election. New presale token FreeDum Fighters (DUM) continues to thrive and has now raised over $445K.

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