Donald Trump
NOOSUM, KAMA surge as Biden candidacy remains uncertain
Published
2 months agoon
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adminThe meme coins Gabin Noosum and Kamala Horris enjoy significant surges amid speculation surrounding the 2024 U.S. presidential election.
NOOSUM’s price increased notably after President Joe Biden tested positive for COVID-19, while KAMA saw gains following President Joe Biden’s lackluster debate performance against Republican nominee Donald Trump.
Since then, key Democratic figures have reportedly told Biden that his path to victory on Nov. 5 isn’t viable.
Over the past two months, meme coins inspired by potential Democratic replacements for President Joe Biden have surged in value. According to data from CoinGecko, “Gabin Noosum” (NOOSUM) has rallied by 320.8% since July 17, while “Kamala Horris” (KAMA) has surged by 905% in the past 30 days.
Crypto prediction markets currently favor Vice President Kamala Harris as the preferred Democratic nominee, giving her a chance of winning the presidency, while Biden’s chances have declined.
Barely 24 hours after Biden tested positive for COVID-19, bettors on Polymarket began placing bets on Harris securing the Democratic ticket.
Those wagering on Polymarket’s “Democratic Nominee 2024” outcome have staked $13.6 million on the odds that Kamala Harris will be picked over Joe Biden. As a result, the odds of Harris representing the Democrats in the upcoming November election rose to 52% on July 18, up from under 25% at the start of the previous week.
The rally in these meme coins is fueled by the belief that Biden may step aside before the 2024 election. The BODEN token, based on the current president, has plummeted by 45% over the last seven days amid rumors of his potential withdrawal.
At the time of writing, the meme coin frenzy continues. NOOSUM, based on California Governor Gavin Newsom, has seen a 49% price decline in the past 24 hours, while KAMA, inspired by Vice President Kamala Harris, has declined by 21%.
While Vice President Harris has been relatively quiet about her stance on crypto, other potential replacements, such as Colorado Governor Jared Polis, have been more vocal in their support for the industry.
As discussions about a potential replacement for Biden gain momentum, Harris has faced both increased scrutiny and support. Some within the party question her credentials and approval ratings, while others advocate for her due to her national profile, campaign infrastructure, and appeal to younger voters.
As the political landscape shifts, it remains to be seen how these meme coin rallies will influence the upcoming election cycle.
MAGA (TRUMP) rallies on heels of RNC
The MAGA (TRUMP) token is up by 11% over the past 24 hours. At last check, it trades at $6.96. This increase has boosted its market capitalization to over $320 million.
TRUMP token’s surge comes after Trump delivered a long-winded speech to conclude the four-night Republican National Convention event in Milwaukee.
Following a recent assassination attempt during a rally, Trump’s chances of winning the presidency, according to bettors on Polymarket, improved significantly. The TRUMP increased over 40% after the incident. This rise was fueled by speculation that a Trump victory would boost the token’s value.
Similarly, Other Trump-themed meme coins, such as Tremp (TREMP) and Maga Hat (MAGA), also experienced significant price increases following the incident.
Investors perceive Trump as a pro-crypto candidate, which enhances the appeal of tokens related to him.
According to blockchain intelligence firm Arkham, Donald Trump currently holds 579,290 TRUMP tokens, valued at approximately $4 million based on the latest report.
Per a May 27 post on X by Lookonchain, an astute trader made a $2.7 million profit in just three days on the Trump-themed MAGA (TRUMP) meme token. The trader spent over $535,000 to buy six billion MAGA tokens on May 25, achieving a return of over 505 times his initial investment.
Since its launch in October 2023, the MAGA (TRUMP) token has seen a price increase of over 60,703%.
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Donald Trump
Donald Trump Makes Historic Bitcoin Payment At PubKey
Published
1 day agoon
September 19, 2024By
adminToday, history was made as President Donald Trump became the first US president to make a Bitcoin payment.
WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1
— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024
The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.
“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.
“Get out and vote, because if you vote, we cannot lose. We want to get everybody that agrees with you people — and there’s a lot of people — [to vote],” he added.
“They’ve been treating you very badly at the SEC, and we’re going to treat you very fairly.”
Regarding the payment, Trump said it was easy to make and that it went through “quickly and beautifully.”
One of the most historic transactions in #bitcoin history was just made.
President @realDonaldTrump buying burgers at @PubKey_NYC with @tpacchia.
Block height: 861871
You saw it here first. pic.twitter.com/moHUIKDxej
— PUBKEY (@PubKey_NYC) September 18, 2024
After making the transaction, Trump, escorted by one of the bar’s owners, Thomas Pacchia, introduced himself to all in attendance.
“This was one of the most important Bitcoin transactions of all time,” said Pacchia.
“President Trump came to PubKey to connect with the Bitcoin community — to show his support to the Bitcoin community,” he added.
“We are very excited he was here.”
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cryptocurrency
MAGA, FIGHT, and DJT surge as Trump’s crypto project announces WLFI token
Published
3 days agoon
September 17, 2024By
adminDonald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token.
Fight to MAGA (FIGHT) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (DJT) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (MAGA) rose by 18% over the past day, with a daily trading volume of $11.48 million.
All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned bullish according to Coinmarketcap data.
These tokens rallied after Donald Trump’s crypto initiative, World Liberty Financial, announced its plans to release a governance token named WLFI.
WLFI has been advertised as a non-transferable governance token, allowing holders to propose and vote on platform-related matters. Approximately 63% of the total token supply is designated for public sale, with 17% for user rewards, and the remaining 20% for the team and advisors.
While the token’s launch date remains undisclosed, the project team has confirmed that sales will be limited to accredited investors.
Despite the rise on Sept. 17, political-themed tokens have been experiencing a downturn, with their total market cap now down to $481 million.
These tokens tend to gain prominence during election seasons, potentially losing much of their relevance after the elections conclude. Traders often refer to these as “event coins” because their prices are influenced as the date of the related event approaches.
However, in the short term, these coins could see further gains if Bitcoin (BTC) breaks past its previous high, as meme coins often thrive during Bitcoin’s bull runs. Factors that could drive Bitcoin’s price higher include possible cuts in Federal Reserve rates, a weakening US dollar, and a continuing stock market rally.
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Donald Trump
World Liberty Financial, Crypto Project Promoted by Trump Family, Confirms Plan for WLFI Token
Published
3 days agoon
September 17, 2024By
adminAs of now, the token will be sold only to accredited investors under what is known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings.
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