News of Trump's attendance at the Bitcoin 2024 conference boosted the memcoin exchange rate

After the organizers of the Bitcoin 2024 conference announced that the former president would be giving a speech, the value of two memcoins related to politics soared in value. The two memes in question are TrumpCoin (DJT) and Satoshi Trump (MBGA).

After news broke about Trump's participation in the conference, the price of TrumpCoin (DJT) token soared by almost 50,000,000% to reach a capitalization of $143.1 million.

Rumors are now circulating online that DJT is directly related to the former US president and is even his official cryptocurrency. However, there was no confirmation of this information from Trump himself and representatives of his team.

As for the other Satoshi Trump memcoin (MBGA), its price rose by more than 7,900% and its market capitalization was $2.8 million, although there was a correction in value afterwards.

Political memcoins have become one of the trends of the entire meme token sector and sometimes show a dizzying rise, as well as a rapid fall. In general, the whole memcoin market has been showing a stable bullish trend for half a year, which allows their holders to make a decent profit.

I wonder how much memcoins will grow after Donald Trump's speech at the conference? Perhaps they will show a rally that has never been seen since their creation.