30s Summary

Following the US election, Trump-related cryptocurrency coins witnessed a significant crash, despite overall growth in the crypto markets. The most valuable Trump-related coin, MAGA (TRUMP), fell by 53% in one day. Trump reportedly holds approximately 579,290 TRUMP tokens, now worth an estimated $1 million. Other Trump-linked coins have also seen drastic declines. However, other memecoins have fared well, with Dogecoin, Shiba Inu, and PEPE all recording increases. Bitcoin reached an all-time high of $76,228 on November 6, while Ether showed a 12% increase, passing $2,800 on November 7.

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After the U.S. election victory of Donald Trump on November 6, cryptocurrency coins related to Trump witnessed a major crash, despite an overall increase in the crypto markets and Bitcoin even hitting new all-time high. The most valuable Trump-related digital coin in the market, MAGA (TRUMP), shot up to $4.60 when the election results were announced but then dropped 53% in a single day to just $1.87, as reported by CoinGecko.

Donald Trump himself reportedly sits on nearly 579,290 TRUMP tokens, which are now worth around $1 million. Other coins linked to Trump, such as MAGA Hat (MAGA), Dark MAGA (DMAGA), Super Trump (STRUMP), and MAGA: Fight for Trump (TRUMPCOIN), have also crashed by 55%, 75%, 50% and 56% respectively.

Meanwhile, other joke aka memecoins seem to be doing well. For example, Dogecoin (DOGE) has gained 10% to reach $0.20, and Shiba Inu (SHIB) has gone up by 6%. One of the biggest memecoins in the market right now, PEPE, has soared by 18%. The value of Bitcoin also reached an all-time high at $76,228 on the night of November 6, while Ether (ETH) seems to be getting back on track with a 12% increase, crossing $2,800 on November 7.