Several major crypto exchanges have added the new Trump token THE EAR STAYS ON (EAR) to their listings. Against the backdrop of the politician’s latest loud promises, the “ear” and other thematic memecoins have demonstrated positive dynamics.
We tell you where you can buy “ears” and what other Trump tokens have come under the investors’ sights this time.
Where did the “ear” come from?
US presidential candidate Donald Trump continues his election campaign, in which he puts emphasis on promisesrelated to the development of the crypto industry in America. The politician began to fight for the votes of crypto industry representatives against the backdrop of the publication of polls, according to which many American voters pay attention to the candidate’s position on crypto. Thus, the support of the crypto community has become a “trump card” for him, which he is actively using to snatch victory from his main rival Joe Biden.
The turning point in the presidential race was the assassination attempt on Trump on July 13, 2024. The shooter’s bullet grazed the politician’s ear. Many praised Trump’s brave behavior in the face of the assassination attempt. The crypto community’s reaction was immediate. The incident triggered a rally in Trump coins and inspired crypto industry representatives to create a new coin THE EAR STAYS ON (EAR)whose ticker symbol translates as “ear”.
By according to CoinGeckothe joke cryptocurrency is already traded on some major exchanges, including the centralized MEXC (#11 by spot trading volume) and the decentralized Raydium (#5 by DEX trading volume).
On the background another portion Trump’s positive statements on the cryptocurrency EAR rose in price by almost 15% in a day. The peak in the value of the “ear” was recorded on July 14, 2024 – the day after the assassination attempt.
What about other PolitiFi coins?
The best result of the day in the PolitiFi category (political memecoins) was demonstrated by the coin Gabin Noosum (NOOSUM). In 24 hours, the cryptocurrency has risen in price by 146.6%. The crypto project is named after a fictional character who is supposedly supposed to replace current President Joe Biden in office in order to “become the Democratic candidate who will destroy America.”
In second place with a result of +100% in 24 hours was Pepe (TRUMP). The project is built around the meme Pepe the Frog, which Trump has repeatedly used, as well as the politician’s famous slogan: Make America Great Again, MAGA.
Also in the top 10 political memecoins with the best results in 24 hours were coins whose developers were inspired by former US President Barack Obama, political journalist Tucker Carlson, US Vice President Kamala Harris, and member of the US House of Representatives Alexandria Ocasio-Cortez.
Top 10 PolitiFi Tokens with the Best 24-Hour Growth. Source: CoinGecko
The anti-rating was headed by tokens associated with Joe Biden. For example, Jeo Boden (BODEN) in a day became cheaper by almost 30%. Some Trump coins also showed negative dynamics. For example, MAGA (TRUMP) fell by almost 10% in a day, while MAGA Hat (MAGA) — on the contrary, it rose in price by 7%.
The Bitcoin 2024 conference will take place in Nashville, Tennessee from July 25 to 27, where Trump will speak. History shows that positive statements from a politician about crypto can trigger a rally in thematic memecoins.
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Source: Cryptocurrency
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