TrumpCoin Rages 40% Higher After Donald Trump Event in Milwaukee, While Other Trump-Themed Tokens Suffer Losses

To everyone's surprise, one of the memecoins associated with Trump raged 40% higher after the Donald Trump event in Milwaukee, during which extreme technical difficulties and what the attendees described as Trump's unusually aggressive behavior occurred.

One of the memecoins associated with Trump surprisingly surged 40% higher after the Donald Trump event in Milwaukee, which was plagued by technical difficulties and what the attendees described as Trump’s unusually aggressive behavior.

TrumpCoin recorded a high increase of 59% after the event, unlike other Trump-themed tokens that suffered losses, leaving most investors at a loss.

The rally, which took place in Wisconsin on Friday, appeared to spook investors in several Trump-linked meme tokens. Most of these skyrocketed after Trump endorsed cryptocurrencies. The key among the gains and losses was TrumpCoin, whereas other coins, such as MAGA (TRUMP) and MAGA Hat (MAGA), were down.

What is happening pic.twitter.com/YPM8eMuIaL

— Aaron Rupar (@atrupar) November 2, 2024

However, the pivotal rally has seen the cryptocurrencies that powered as high as 40% as of Saturday for TrumpCoin. According to investors, this is due to the highly charged environment relating to the former president’s political activities and his affiliations with the new meme coin landscape. TrumpCoin has, therefore, experienced occasional bullish momentum throughout Trump’s campaign period because of its connection with the famous campaign manager.

But what was interesting was that TrumpCoin’s value rose. While the coin rose massively, other Trump-related meme coins suffered from the general bearish trend that set in due to increased skepticism.

Officially known as America First Coffee, MAGA Coin targets Trump fans who see the token as a souvenir reflecting devotion to the ex-president. Investors remained skeptical during the coin’s rally, with the Price falling to 4.6% by Saturday.

MAGA Hat, a coin parodying Trump’s red campaign cap, was less lucky, dropping its price by 19%.

Trump Inu Drops as Harris Rally Contrasts Trump’s

Another meme coin that dropped was Trump Inu, which borrows from Trump and the Shiba Inu phenomenon and was down by 11.7% by Saturday.

Like it did before by seeking to ride on the back of other dog-themed tokens, Trump Inu lacked the vitality to push through the political crisis and the negative reception to Trump’s rally performance.

Democratic candidate Kamala Harris also had a rally in Milwaukee that was markedly different from Trump’s. Harris has actively participated in crypto to rally support in a swing state in the upcoming November 5th election.

While Trump was aggressive and provocative, Harris adopted a more conciliatory approach, stating the need to come together to forge change and disagree with her opponent’s rhetoric during this election.

“Unlike Donald Trump, I don’t think all the people who oppose me are my foe,” Harris said to a packed audience with performances by Cardi B, Flo Milli, and The Isley Brothers. “He wants to put them in jail. I will give them a seat at the table.”

Now, Trump has new problems with crypto: His family company, World Liberty Financial, is barely functioning.

The World Liberty Fi (WLFI) token, which was launched by the said company, has lowered its fundraising aims to $30 million from an asked $300 million months earlier. The action suggests that the cryptocurrency market is gradually losing investors, albeit Trump is still actively involved.

Despite TrumpCoin, which made impressive gains against the backdrop of the former President’s event, the rest of the market appears to be on the fringe and cautious. The election is still far; however, participants of the meme coin market will undoubtedly follow all the latest political and economic news.

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