Bitfinex analysts expect volatility in political memecoins amid upcoming US debates

These include Super Trump and Maga tokens on the Ethereum blockchain, as well as Doland Tremp and Jeo Boden tokens on Solana.

“There could be significant movement in Politifi tokens during and after the debate, depending on its effectiveness and entertainment value. These tokens have become speculative assets in terms of election results. One of the most interesting issues may be the issue of taxation of income from crypto trading and general policy issues in relation to this area,” said Bitfinex analysts.

At the moment, the capitalization of political memcoins is not too high - this sector is valued at $998 million, while the figure has decreased by 10.6% over the past 24 hours.

Bitfinex specialists noted that Donald Trump is positioning himself as a “crypto president” and is trying to attract members of the crypto community to his side. It was recently reported that Donald Trump received $2 million in Bitcoin for his election campaign from the founders of the Gemini exchange.