After Trump won the 2024 presidential elections, the meme coin market went up by hitting a 7 month high.
As of November 6th, Trump’s comeback to the white house has made meme coins like Dogecoin, Dogwifhat, and Brett the best-performing ones in the crypto industry.
Previously when the meme coin market cap was above $66 billion was on April 1st. At that time it reached the maximum of 69.8 billion.
In the last 24 hours, the memecoins’ aggregate market value in crypto has shot up by 24%.
At the same time the trading volume in the meme coin sector has pumped over 200%. This shows the intense buy pressure on the election results day.
