Trump meme coin spikes 40% after ex-President’s Milwaukee rally goes wrong

Following Donald Trump’s rally in Milwaukee, which was disrupted by technical difficulties and what some observers described as an unusually agitated performance, at least one Trump-themed meme coin saw a surge in value, while others experienced notable declines.

Investors who had previously supported these coins due to the former president’s ties to digital currencies and his nativist rhetoric found themselves facing losses across their portfolios—except for TrumpCoin.

These coins initially gained traction in response to Trump’s indications of a pro-crypto stance and the political drama surrounding the upcoming November 5 election. However, after the chaotic rally in Wisconsin, where Trump made provocative gestures with a microphone and threatened to withhold payment from a contractor, many of these coins suffered significant drops in value.

As of the latest update on Saturday, TrumpCoin saw an impressive increase of 40%, while both MAGA (TRUMP) and MAGA Hat (MAGA) experienced declines.

MAGA Coin

MAGA Coin, inspired by the Republican campaign slogan “Make America Great Again,” is designed to appeal to supporters eager to showcase their enthusiasm for the Trump brand. Many holders view it as both a collectible item and a symbol of political loyalty. However, on Saturday, the coin experienced a decline of 4.6%.

MAGA HAT

Inspired by Trump’s iconic red campaign hat, the coin saw a decline of over 19% in value during the latest update on Saturday.

Trump Inu

Capitalizing on the popularity of both Trump and dog-themed meme coins like Shiba Inu, Trump Inu recorded a decline of 11.7% in value during the latest update on Saturday.

Harris rally presents a stark contrast

Democratic presidential candidate Kamala Harris, actively seeking support from the crypto community, also held a rally in Milwaukee, conveniently located near Trump’s event. This highlights the critical importance of rallying support in Wisconsin, a key swing state, ahead of the November 5 election.

While Trump secured a victory in the state in 2016, he lost it in 2020.

Harris’s campaign energized the crowd with performances from notable artists, including Cardi B, GloRilla, Flo Milli, MC Lyte, The Isley Brothers, and DJ Gemini Gilly.

The Vice President emphasized themes of unity and compromise, positioning her approach as distinct from Trump’s, whom she accused of viewing dissenters as adversaries. “Unlike Donald Trump, I don’t see people who disagree with me as enemies,” she stated. “He aims to imprison them, while I intend to invite them to the table.”

Trump’s World Liberty Fi

Trump’s crypto venture, World Liberty Financial, has been struggling to gain traction.

Founded by his family, particularly his eldest sons, the company has reduced its fundraising target after the sales of its World Liberty Fi (WLFI) token attracted minimal interest from investors.

World Liberty Fi is now aiming to raise up to $30 million—representing a significant cut of 90% from its initial goal of $300 million.