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A number of Trump-themed coins are experiencing significant increases today following incumbent President Joe Biden’s announcement yesterday to withdraw from the 2024 U.S. presidential race.
As previously noted by Cryptonews, this announcement adversely affected the value of Jeo Boden ($BODEN), the leading parody coin associated with Biden.
At the time of this report, $BODEN has seen a dramatic decline of 58% in its value over the past 24 hours.
In contrast, various Trump coins are benefiting from this development. Super Trump ($STRUMP) gained 6.6% overnight, trading at $0.01351, while Pepe Trump ($PTRUMP) surged by 19%, reaching $0.001137.
However, the largest Trump coin, MAGA ($TRUMP), with a market capitalization of $313 million, is experiencing a decline, with overnight losses of 3.8%, currently trading at $6.79.
The most significant beneficiary from this news cycle is certainly Kamala Horris ($KAMA).
This meme coin, a parody of Democrat Vice President Kamala Harris, has been gradually gaining popularity in recent weeks, particularly after a savvy trader transformed a $960 investment into $77,829, yielding returns of approximately 8,100%.
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Now, with Biden stepping aside, he has nominated his VP Harris as the new Democratic presidential candidate. This has positively impacted $KAMA, causing the token to rise by 48% overnight to $0.01602.
From Trump Fever to Olympics Meme Coins
In addition to the election excitement, another major event is poised to influence the meme coin market this year.
The 2024 Paris Olympics coincides with Meme Coin enthusiasm in a new token called The Meme Games ($MGMES).
Those who acquire $MGMES tokens now can choose their preferred meme coin avatar from options like Dogecoin, Pepe, DogWifHat, Brett, and Turbo, and watch them compete for a chance to earn a 25% bonus on their initial purchase.
$MGMES is currently available for purchase through the presale website at a fixed presale price of $0.00905.
This allows investors to buy 10,000 $MGMES for just $90.50. This is the lowest price the token will be offered for the remainder of the presale period, which will coincide with this year’s Paris Olympics and Paralympics.
Thus, if investors make an initial purchase of 10,000 $MGMES tokens and select an avatar from the five meme competitors, they will have a 20% chance of automatically receiving an additional 2,500 $MGMES shortly after their purchase.
Participants can buy $MGMES an unlimited number of times without a minimum purchase requirement to enhance their chances of obtaining multiple 25% token bonuses.
The official project website and whitepaper suggest that investors stake tokens during the presale to benefit from the impressive 1218% APY currently available. This rate is variable and decreases as the number of stakers increases, so to optimize returns, participants should stake early and in larger amounts to maximize yield.
The presale widget on the website allows purchases using ETH or the Ethereum-based stablecoin Tether (USDT). Staking is exclusively on Ethereum. Other payment options include BNB or debit and credit cards.
Stay updated on The Meme Games by following them on Twitter and Telegram.
Join the presale through the official website.
The post Trump Coins Rocket as Biden Steps Down – Keep an Eye on This Meme Coin appeared first on Cryptonews.
