TRUMP2024 Blasts Up 1,000% as Crypto Markets Bounce and This Lesser Known Coin May be The Next Crypto to Explode
As the media circus around Donald Trump's indictment unpack the latest gagging order, on-chain markets haven't skipped a beat - as TRUMP2024 blasts up +1,000% in sensational move for Presidential meme coin.
Donald Trump and MAGA themed meme coins have witnessed impressive growth over the course of 'on-chain summer' - as $TRUMP token exploded +10,000% and $MAGA token exploded +20,000%.
This comes amid a wave of activity in DEX trading, empowered by the emergence of Telegram trading bots - which enable even novice retail users to trade on-chain instantly with minimal risk to MEV bots and human error.
With the next US Presidential Election glistening on the horizon next November, market sentiment is shifting towards an increasingly bullish outlook for coins that can tap into political fanfare and humour.
Amid the wild upside move, TRUMP2024 is currently trading at a market price of $0.081880 (representing a 24-hour change of 571%).
This comes as TRUMP2024 price action enters localised retracement, as early-backers lock in profits from Yesterday's dramatic pump.
Donald Trump token was first launched way back on August 27, but limited growth in the the first 3-weeks did little to incentivise a rally.
However, the global media circus around Trump's recent gagging order appears to have triggered an initial surge of interest on September 18, with price pushing up to an all-time high at $0.08335.
The skyrocketing candle on September 18 was triggered by a flood of more than $630k in trading volume, which fuelled TRUMP2024 growth to an impressive $1.45m market cap practically overnight.
Indeed, with almost 1,000 bag-holders taking position, driven by dominant buy pressure (accounting for 60% of transactions over the past 24-hours) - price
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