The Trump Effect: Memecoins Soar Following US Election Results

The US presidential election results helped boost the cryptocurrency sector, with its global market capitalization rising by 7% to approximately $2.6 trillion. Meme coins related to the candidates also experienced increased volatility. The top-performing cryptocurrencies after the news of Trump’s massive lead included Bitcoin (BTC) and Solana (SOL).

However, Kamala Harris-related memes saw a significant price decline. Official results are yet to be released, and it remains to be seen whether they will cause further price swings for the mentioned tokens.

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