MAGA Hat and Super Trump Soar as Politics-Related Memecoins Heat Up

• The MAGA Hat token has surged over 500% in the last 24 hours.
• Super Trump hit a new all-time high on May 29 and is up 200% at the time of writing.
• Meme pieces are not directly linked to former US President Donald Trump, but his candidacy is sparking a new frenzy.

The meme coin fervor continues with tokens tied to politics and celebrities at the center of the latest FOMO.

While Dogecoin, Shiba Inu and Pepe tokens remain the top coins, there is a rising tide in the political arena with tokens inspired by former US President Donald Trump leading gains in the sector.

The biggest players are MAGA (TRUMP), MAGA Hat (MAGA), and Super Trump (STRUMP).

US elections and former President Donald Trump inspire coin frenzy

MAGA (TRUMP) embodies the rise of PolitiFi meme pieces.

According to CoinGecko data, TRUMP, which was trading around $0.01136 in October last year, surged 112,500% to current price levels of $12.84.

Last week, news that a wallet of former US President Donald Trump directly held millions of dollars in tokens pushed TRUMP higher.

The Trump campaign also announced that it was accepting donations of cryptocurrencies, including Bitcoin, Ethereum and Dogecoin. During a speech at a campaign event, Trump said he would release Ross Ulbricht on the first day of his presidency.

This comes as Trump seeks to capture the huge voting bloc of crypto holders, which data shows leans largely toward his pro-crypto outlook.

MAGA Hat and Super Trump fly away

Although tokens such as TRUMP, MAGA and STRUMP have no direct connection to Donald Trump, the communities around these projects overwhelmingly support his electoral candidacy.

Efforts to make cryptocurrencies count in upcoming elections are adding to this growing trend – and meme coins that benefit from them are seeing massive gains.

For example, on May 29, the MAGA meme coin (TRUMP) hit an all-time high of $15.45, ranking among the top 150 coins by market cap. Meanwhile, Super Trump soared over 240% to lead the PolitiFi token sector with 24-hour gains.

STRUMP price peaked at $0.02298 on May 29 and, despite the volatility, remains up over 200% over the past week.

Meanwhile, MAGA Hat soared over 500%, reaching prices of $0.0006262. Buyers could catalyze a further run towards the recently reached ATH of $0.0007379.