JAKARTA - Meme coins have become a phenomenon that has attracted the attention of many investors this year, and particularly digital coins inspired by Donald Trump's name have seen a significant increase.
On May 26, following Trump's speech, the magazine meme coin (TRUMP) jumped 31.7% (around Rp188,784) against the US dollar in the last 24 hours. In the last two weeks, TRUMP increased by 80.5%, and over the past month, the increase reached 113.2%.
Furthermore, the 12-month metric highlighted a surprising increase in TRUMP by 98,352.40% against the dollar. The TRUMP token reached its highest peak (ATH) on May 26, with a value of 11.81 US dollars (approximately Rp188,960) per coin, and since then, it has decreased by 0.8% from the ATH.
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Trump himself owns 579,290 TRUMP tokens worth US$6.69 million (around Rp106,960,000,000), and assets sent by the crypto community to the former President's wallet have increased by US$1.6 million (around Rp25.6 billion) in a day.
It is interesting to observe how the performance of these meme coins inspired by the US presidential candidate as time goes on and ahead of the general election. While TRUMP tokens rose more than 30%, Jeo Boden (BODEN), a token that uses President Joe Biden's plenary name, fell by 4.5% today. Other meme coins associated with Trump's campaign branding, MAga hat (MAGA), rose 80% in the past day.
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