TechFlow news, November 7 — According to Cointelegraph, after Donald Trump won the U.S. presidential election on November 6, prices of Trump-related meme coins sharply declined. Data from CoinGecko shows that MAGA (TRUMP), the largest Trump-themed meme coin by market capitalization, surged to as high as $4.60 on the day results were announced but then plunged 53% within 24 hours, currently trading at just $1.87. According to Arkham Intelligence, Trump himself holds approximately 579,300 TRUMP tokens, currently worth around $1 million.
Other Trump-related meme coins also suffered significant losses. MAGA Hat (MAGA) dropped about 55%, Dark MAGA (DMAGA) fell around 75%, Super Trump (STRUMP) declined roughly 50%, and MAGA: Fight for Trump (TRUMPCOIN) dropped approximately 56%.
