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As Solana price rises, there is a great movement in the meme coin market with Trump's presidency and digital asset moves.
Solana (SOL) attracted attention by fluctuating between $216.59 and $242.88 in the last 24 hours. In the meantime, the political-themed meme coin market, known as 'PolitiFi', is experiencing a significant revival with Donald Trump's return to the presidency.
The fluctuation in Solana price indicates the beginning of renewed activity in the crypto market, with Trump-themed memecoins standing out in this rise. MAGA has gained 25% in the last week and 107% in the last month, reaching a market value of $152 million. In addition, Department of Government Efficiency (DOGE) became the leader in this category with a market value of $242 million, showing a 45% increase in the last week.
Known as PolitiFi and inspired by political figures, the total market value of these tokens has reached $986 million according to CoinGecko. New tokens like Magaverse (MVRS) are gaining attention in the market with a 145% increase in the past week. The growing interest and price movements strengthen the expectations that more politically themed meme coins could be launched during Trump's presidency.
The Impact of the Trump Administration
With Donald Trump expected to take office on January 20, new regulations for the crypto market and making digital assets a national policy priority are increasing investor interest. Additionally, events and crypto-backed parties in Washington indicate significant developments for the crypto world in this new era.
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