Trump-centric memecoins trade higher heading into Musk interview on X
Quick Take
- MAGA (ticker: TRUMP) is up 10.6%, while others like MAGA Hat (MAGA) are up more than 40%.
- In the lead-up to his Musk interview, Trump began utilizing his X (formerly Twitter) account Monday.
Former President Donald Trump and billionaire Elon Musk have spent the past week promoting a live interview set to take place Monday night at 8 p.m. ET. As the anticipation builds, several Trump-centric memecoins have traded higher over the past 24 hours.
MAGA (ticker: TRUMP) — the largest Trump-based coin by market cap — is up 10.6% to $3.41 at publication time. Meanwhile, MAGA Hat (MAGA) is up 42% to $0.00007955. Maga: Fight for Trump (TRUMPCOIN) is up 33.5% to $0.00801.
Other tokens trading higher in the 10% to 15% range include Doland Tremp (TREMP), Dark MAGA (DMAGA) and FreeTrump ($TRUMP).
The overall PolitiFi market cap stands at $606 million. This subsector is tracked by CoinGecko and these tokens have no official affiliation to any political figures.
The Republican presidential nominee changed his tune this year and has embraced the crypto community during his reelection bid. Last week, both of Trump's sons teased an announcement related to the world of crypto and decentralized finance (DeFi). Shortly thereafter, Donald Trump Jr. clarified the tease has nothing to do with memecoins.
“There’s a lot of guys doing great stuff. I love memecoins and that culture. I love what those guys are doing with some friends of mine. It’s great,” Don Jr. said. “But I just have to make sure that people understand that you can’t conflate one thing with another.”
In the lead-up to his Musk interview, Trump began utilizing his X (formerly Twitter) account Monday after going silent for several years in favor of his Truth Social platform.
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