TLDR
- The general crypto market is up 4%, but ‘Trump coins’ are leading the gains.
- A presidential announcement on tariffs and a $2,000 dividend is driving the rally.
- TRUMP (Official Trump) is up 14% and WLFI (World Liberty Financial) is up 33%.
The cryptocurrency sector is trading in the green this November 10th, with the total market capitalization increasing by 4% to nearly $3.7 trillion. However, amid the widespread rise, the best-performing assets in recent hours are Trump-related memecoins.
This rally coincides with recent statements from the President of the United States, Donald Trump. The president defended the implementation of severe tariffs, calling opponents “fools” and arguing that the measure is highly beneficial for the country. Additionally, he generated headlines by promising the distribution of a dividend of at least $2,000 per person, excluding high-income individuals.
The market’s reaction was immediate. Bitcoin (BTC) surpassed $106,000 and Ethereum (ETH) exceeded $3,600. However, tokens linked to the political leader showed an even more explosive performance.
TRUMP and WLFI Lead ‘PolitiFi’ Gains
Official Trump (TRUMP), the main coin in this category, experienced a 14% jump in the last 24 hours, reaching nearly $8.60, its highest mark since late October. Its market capitalization rose to $1.7 billion, managing to surpass Pump.fun (PUMP) and positioning itself as the fifth-largest meme coin in the ecosystem.
Despite this boost, TRUMP remains far from its all-time high, when its capitalization reached $14.5 billion and briefly surpassed Shiba Inu (SHIB).
The rally in Trump-related memecoins was widespread. Other themed tokens like Super Trump (STRUMP), Pepe Trump (PTRUMP), and SUI TRUMP (SUITRUMP) also posted solid gains. Even MELANIA, the cryptocurrency linked to the president’s wife, rose 11%.
The day’s standout asset within the top 100 is World Liberty Financial (WLFI), a digital asset linked to the Trump family. WLFI soared 33% to $0.16, with a market capitalization nearing $4.5 billion. Technical analysts, such as X user “FOUR | Crypto Spacesm,” suggest that after breaking the $0.15 resistance, the asset could be headed toward $0.20.
