Trump-inspired memecoins experienced a significant surge of 40%, largely driven by rumors of RFK Jr.'s endorsement. Notably, the MAGA (TRUMP) token saw a substantial increase of 55.6%, reaching $4.14 before settling at $3.7.
Adding to the momentum, Trump recently gave his endorsement to a new crypto platform known as "The DeFiant Ones." At the same time, according to Polymarket, Trump's odds of winning the upcoming election have increased to 54%.
The combined market cap of the top 20 meme coins, excluding the largest, contributed to this rally, reflecting a growing trend in politically-themed cryptocurrencies.
