Golden Finance reported that the US presidential debate between Trump and Hamas is underway, and the market shows a general decline in Trump-related memes, including: memes. -TRUMP has dropped 9.7% in the past hour, and is now trading at $2.95. -MAGA has fallen by 13.4% in the past 1 hour, now trading at $0.00007703. -TREMP fell by 17.2% in the past 1 hour, now trading at $0.1514. - STRUMP fell by 7.5% in the past hour and is now trading at $0.006376. -MAGAA fell by 8.0% in the past 1 hour, and is now trading at $0.008538. - FIGHT fell by 11.9% in the past hour, currently trading at $0.004779. By contrast, the Hamas concept coin KAMA has risen by 20.9% in the past hour, now trading at $0.009218.

PolitiFi Memecoin big dump: After Biden withdrew, BODEN big dump 55%, while KAMA soared 150% After President Joe Biden announced his withdrawal from the presidential race, there was a major change in the U.S. political situation. Following this news, a major transformation occurred in the PolitiFi memecoin zone, with the Biden-themed Token experiencing a big dump, while the Kamala Harris-themed Token soared. Elections in November have always been a hot topic in the cryptocurrency industry. After years of hostile and "excessive" regulatory approaches by the US government, politicians' stance on cryptocurrency has become a turning point for many voters. On Sunday afternoon, US President Joe Biden announced that he would resign as a presidential candidate for the upcoming election. Biden explained in detail that he has decided to focus on fulfilling his presidential duties for the remainder of his term. In another post, he expressed support for Vice President Kamala Harris as the Democratic candidate: 'Today, I am fully behind Kamala becoming our Democratic nominee this year. Democrats, it's time to come together and defeat Trump. Let's work together.' After the announcement, industry leaders such as Artur Hayes and Justin Sun responded online. The founder of Tron replied to Biden's X post, saying, "Goodbye, Biden, Cryptocurrency will always exist." At the same time, if Harris were not the Democratic candidate, Trump's chances of winning would only increase. Hayes also said that if she "really became a candidate," Trump would "smoke her like a Cuban." The Cryptocurrency community has different opinions on this, with some users holding a pessimistic attitude. Some people believe that Trump's chances of winning in the confrontation with Biden are obvious, but the Democratic candidate's chances of winning may drop significantly. On the contrary, others seem to believe that regardless of who the nominee is, Biden's refusal to nominate will be beneficial to the Cryptocurrency industry. In addition, it is reported that Republican candidate Donald Trump maintains a huge lead. According to the data from the prediction market website, the possibility of Trump winning the presidential election in November is 65%, with bets close to $40 million. After the news came out, the PolitiFi memecoin zone fluctuated. The price of Biden incentive Token immediately began to fall, and the price of its leading Token Jeo Boden (BODEN) dropped by nearly 60%. Within half an hour, memecoin pumped from a trading price of $0.025 to $0.01. BODEN further fell in the next few hours, falling to the support area of $0.0086. This performance has fallen 65% and 73% in the past 24 hours and 7 days, respectively. The current price has fallen by 99.2% from the historical all-time high (ATH) of $1.04 in April. In addition, the Token's Market Cap has shrunk by 66% since the announcement, falling from $17.5 million to $5.99 million. Nevertheless, the Token inspired by Kamala Harris soared in the past 24 hours. Kamala Harris (KAMA) is the token with the largest increase in PolitiFi Token in the past day. KAMA hovered between 0.011 US dollars and 0.019 US dollars within two hours, with an increase of 150%. The memecoin launched in May pumped 257% and 1,433% on the weekly and monthly timeframes, respectively. KAMA has retraced above $0.015, and the current trading price is $0.016. Tokens inspired by Trump also saw a significant pump after Biden's withdrawal. MAGA (TRUMP) pumped 12% after the news, reaching a resistance level of 7.75 US dollars at one point. Meanwhile, MAGA Hat (MAGA), Super Trump (STRUMP), and Donald Tremp (TREMP) pumped 13%, 33%, and 25% respectively. (Data Source: Rubmar Garcia)

Political meme coin frenzy: Super Trump Token soared 200% In the past week, the prices of cryptocurrencies related to former US President Donald Trump have soared, reflecting the increasing speculative enthusiasm for politically themed "meme coins" in the digital asset field. The most notable increase is the "Super Trump" (STRUMP) token, which rose by more than 200% in just one day on May 29th, making it one of the hottest cryptocurrencies. This memecoin first appeared on the Ethereum blockchain in March and has undergone tremendous changes since its launch on the Solana blockchain last weekend. The sharp increase of STRUMP seems to be part of a broader trend in the so-called "PoliFi" (Political Finance) ecosystem, where tokens associated with prominent political figures and ideologies have gained significant appeal among cryptocurrency investors. Other memecoins related to Trump, such as TRUMP, MAGA, and BODEN, have also experienced significant price surges in the past few days, ranging from 20% to 350%. This surge has propelled the original TRUMP coin to become the eighth largest memecoin by market capitalization. STRUMP project itself emphasizes its community's strong support for the former president, claiming that 0.8% of its wallet is reserved for Trump. This signal of support seems to resonate with the cryptocurrency community, many of whom see Trump's pro-cryptocurrency stance as a positive driving force for such digital assets. However, the frenzy surrounding STRUMP and similar currencies is short-lived, as memecoins have lost momentum after reaching new all-time highs recently. As of writing, the trading price of STRUMP is about $0.006, which is approximately 50% lower than the previous week's peak of $0.012. This volatility highlights the inherent risks and speculative nature of the memecoin market, where prices can fluctuate significantly based on social media trends, influential endorsements, and other short-term factors. The long-term viability of these tokens remains uncertain, as regulatory scrutiny and broader market conditions may have a significant impact on their performance. The resurgence of meme coins related to Trump reflects the continued fascination of people with the former president's brand, and the increasing influence of politically motivated investors in the cryptocurrency space. Although these digital assets have attracted the attention of speculators, their violent price fluctuations have sounded the alarm for those who are trying to profit from the "PoliFi" phenomenon. (DataSource: Christian Encila)

PANews reported on May 31 that the price of Meme coins with a Trump theme fluctuated significantly due to the establishment of 34 felony charges against former US President Trump in the "hush money" case. Among them, MAGA (code TRUMP) experienced a short-term big dump followed by a substantial rebound, currently trading at $15.17, with a 24-hour increase of 8.7%. FreeTrump (code $TRUMP) surged by 592.5% to reach $0.02352. Other related currencies such as MAGA Hat (code MAGA), Super Trump (code STRUMP), and MAGA VP (code MVP) experienced fluctuations ranging from 10% to 25%. Meanwhile, stocks of Trump Media and Technology Group (DJT) on the Nasdaq fell by 9% in after-hours trading. On the other hand, Jeo Boden, a Meme coin related to current President Biden (code BODEN), experienced a pump of over 10% in the short term followed by a big dump, currently trading at $0.2607, with a 24-hour decrease of 15.7%. According to previous reports, on May 30, a jury in a New York court responsible for the "hush money" case against former President Trump ruled that all 34 felony charges of falsifying business records against Trump in this case were established. Trump also became the first former president in the United States to be convicted.  

According to Jinse Finance, after former US President Donald Trump was convicted of 34 counts in the "hush money" case, the price of Trump-themed meme coin plummeted. MAGA (code: TRUMP), the largest Trump-themed meme coin by market capitalization, dropped from $15 before the conviction to $11.27, a decrease of nearly 25%. Other related coins such as MAGA Hat (code: MAGA), Super Trump (code: STRUMP), and MAGA VP (code: MVP) also fell by 16% to 22%. At the same time, the stock of Trump Media and Technology Group (DJT) fell 9% in after-hours trading on Nasdaq. The price of the meme coin Jeo Boden (code BODEN), related to the current President Joe Biden who is competing with Trump, rose 12% within an hour. After the verdict, Trump denied all charges and called the trial "manipulated". This is the first time in American history that a president has been convicted of a high crime.

Cryptocurrency News: The price of Super Trump has risen 35% in the past 24 hours, with a trading price of $0.004866, ranking 8th on CoinMarketCap. Technical analysis shows that selling pressure still exists and further validation of the bullish trend is needed. On the other hand, Sponge V2 is a promising meme coin alternative, considered by cryptocurrency analysts to be the next 10x meme coin. It offers a lucrative betting mechanism and game utility.