From Nasdaq:

A memecoin inspired by Donald Trump, called MAGA (CRYPTO: TRUMP), has seen its market cap soar to $96 million. With a current market cap of $74.4 million, a price of $1.52, and a trading volume of $4.9 million, it seems to be thriving. This coin’s momentum seems tied to political events, like endorsements from Ron DeSantis and Vivek. The rise of the Trump token taps into both political and meme culture, as well as investment strategies and internet culture. The 2024 U.S. presidential election may play a major role in the future of this token.



Read more: Crypto Craze Meets Politics: How A Donald Trump Memecoin Soared To Astounding $96M Market Cap