Political-themed memecoins completely outpaced all other memecoin categories this year and Donald Trump has just dropped another NFT collection.
Despite only making a small fraction of the total memecoin sector, Political Finance or “PolitiFi” tokens, including the likes of MAGA (TRUMP) and ConstitutionDAO (PEOPLE), have been the biggest gainers this year — with market cap surging 667% in 2024.
CoinGecko data shows that the PolitiFi memecoin sector has a current market cap of $592.4 million as of Aug. 27, a seven-fold increase from the start of the year.
It’s a massive surge compared to the broader memecoin category — which includes the likes of Dogecoin (DOGE) and Shiba Inu (SHIB), which only rose around 73% in the same timeframe.
