Benzinga - A cryptocurrency themed around former U.S. President Donald Trump surged this week as the firebrand leader stepped up his endorsement of digital currencies. A rival coin, however, saw its fortunes tank.
What Happened: MAGA Coin (CRYPTO: TRUMP) saw a 5% increase in the last 24 hours and a 23% rise since the beginning of the week, as per data from Coinmarketcap.
This uptick coincided with Trump’s amplified crypto-friendly rhetoric, particularly notable at a recent NFT event where he emphatically endorsed cryptocurrencies, even proclaiming, “If you’re in favor of crypto, you better vote for Trump.”
Santiment data confirms a surge in Trump’s mentions across major crypto-centric social platforms, reflecting his growing advocacy for digital assets.