Get your weekly, bite-sized digest of meme coin news.
This week read about:
- Meme Coin News: Market Highlights
- PolitFi Meme Cryptos Are Trending But With a Mixed Performance
- KAMA Coin Jumps 61% in a Day as Joe Biden Drops Out of US Presidential Race
- MAGA Coins Fall Over the Past Day, Week
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Meme Coin News: Market Highlights
Meme coins seem to be doing well today, particularly the cat- and dog-related ones.
The meme market capitalization has risen very slightly over the past 24 hours. It’s up 0.4% to $56.5 billion.
The best performers today are HEHE, with a 60% increase to $0.02383, followed by Catcoin (CAT)’s rise of 57%.
Catwifhat (CWIF) increased 41%, while the rest of the green list is up 33% and below per coin.
On the other hand, ChompCoin (CHOMP) fell the most today: 21% to $0.2132.
Next up is MONGY with an 18% fall to the price of $0.02151.
SAD HAMSTER (HAMMY) decreased by 15.4%, while the rest of the list is down 12% and less.
Zooming into the top 10 meme coins, we find five are up, and the other five are down.
Ironically, Memecoin (MEME) dropped the most over the past day. It’s down 2% to $0.01643.
Floki Inu (FLOKI) is next: it’s down 1.7% to the price of $0.0002.
The green coins have recorded significantly higher percentages.
Coq Inu (COQ) is the day’s best performer. It’s up 13.7% to $0.000002385.
Dogwifhat (WIF) is next in line, with a rise of 8.2%, trading at $2.75.
Other coins have performed well over the past day. Read more below.
PolitFi Meme Cryptos Are Trending But With a Mixed Performance
Political Finance (PolitiFi) are meme coins inspired by political figures but have no official affiliation to any of them.
Over the past 24 hours, the category’s market capitalization decreased by 2% to $972 million.
ConstitutionDAO (PEOPLE) has the highest market cap of nearly $420 million.
The next one is MAGA (TRUMP) with $310.8 million, followed by MAGA Hat (MAGA)’s $70.1 million – highlighting a significant difference between the first three spots.
Five other coins on the top 10 list are related to former US President Donald Trump.
Over the past 24 hours, most of these coins have seen their prices drop, led by Joe Boden (BODEN)’s 60.5% decrease.
On the other hand, Super Trump (STRUMP) rose the most among the three green coins. It’s up 18.3%.
Over the past week, five coins recorded a price increase. Tooker kurison (TOOKER) appreciated the most, with a 105% rise. This coin is connected to Tucker Carlson, an American conservative political commentator.
The biggest drop is again BODEN’s, which we’ll discuss more below.
These specific coins trending is not surprising given that the US is in the midst of presidential election campaigning.
KAMA Coin Jumps 61% in a Day as Joe Biden Drops Out of US Presidential Race
In meme coin news today, there was a massive shift in the US political game over the past 24 hours, making its way to the crypto world as well. Thanks to this, one coin saw a major rise over a single day.
Sitting President Joe Biden dropped out of the 2024 presidential race after weeks of pressure to quit.
On July 21, he backed Vice President Kamala Harris to succeed him as the Democratic nominee.
My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best… pic.twitter.com/x8DnvuImJV
— Joe Biden (@JoeBiden) July 21, 2024
A growing number of Democrats have also decided to support Harris as the party’s presidential nominee.
The developments have impacted the performance of the related meme coins.
As mentioned above, the BODEN coin – one of the top 10 PolitiFi tokens – has dropped the most over the past day (60.5%) and the last week (74%), currently trading at $0.008901.
At the same time, the Kamala Horris (KAMA) jumped 65.4% over the past 24 hours. It is currently trading at $0.01742.
Additionally, it’s up 329% over the past 7 days and a whopping 1,582% over the past month.
The current price is 31.3% lower than the all-time high and 2,765% higher than the all-time low.
Notably, the coin is outperforming similar meme cryptocurrencies over the past week, which are up 20.8%, CoinGecko found.
Additionally, Polymarket now has Harris at the top for the new Democratic presidential nominee with an 82% chance.
MAGA Coins Fall Over the Past Day, Week
Donald Trump is currently campaigning for a second term in the White House.
He has consistently made news for years now. Among the latest news, he became the first former US president to be convicted of a felony. He was found guilty of 34 counts in a Manhattan court on May 30.
Additionally, there was an attempt on his life on July 13 during a rally, which he escaped with an ear scrape.
Over the past day, on the top 10 PolitiFi coins per market cap, three Trump-related coins are up: MAGA Hat (MAGA), Super Trump (STRUMP), and Doland Tremp (TREMP). These are up 18%, 7.6%, and 5%, respectively.
MAGA (TRUMP) is one of the four Trump-related coins on this list that have seen their prices drop.
It fell 4.3% over the past 24 hours to the price of $6.75. It is also down 18.4% in a week and 15% in a month.
The current price is 61% lower than the all-time high and 60,126% higher than the all-time low price.
Meanwhile, MAGA Again (MAGAA) fell the most among the Trump-related coins in the top 10 category. In the past day, it fell 38.3% to the price of $0.01483.
The other two red coins are MAGA VP (MVP) and Fight to MAGA (FIGHT), which are down 5.3% and 14.5%, respectively.
The post Meme Coin News: PolitFi Meme Coins Are Trending, But MAGA Price Drops appeared first on Cryptonews.