Political tokens were central to the memecoin boom and bust: CoinGecko

The memecoin market soared to a peak of 150.6 billion USD in December 2024, driven by political narratives linked to U.S. Elections. However, the introduction of political tokens like TRUMP led to a sharp decline in investor sentiment.

By November 2025, the memecoin market cap fell to below 40 billion USD, representing a 73% decline from its previous peak. This drop underscores the volatility created by the speculative nature of political tokens.

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