PolitiFi Memecoins Crash Post-Election, But a Select Few Survive the Bloodbath

PolitiFi, the convergence of politics and blockchain finance, made a huge name for itself in the lead-up to the 2024 U.S. elections as political-themed tokens surged

PolitiFi, the merging of politics and decentralized finance (DeFi), became a hot topic in the lead-up to the 2024 U.S. elections. Several political-themed tokens gained popularity, outperforming some of the world's most established cryptocurrencies, such as Bitcoin and Ethereum.

But what happened to these PolitiFi memecoins after the elections? Are they still a hot topic among crypto users?

Top Trump-Themed Memecoins Experience Post-Election Crash

During the election campaign, several PolitiFi tokens were based on U.S. President-elect Donald Trump, and some of the biggest, such as MAGA, STRUMP and TRUMP, managed to buck the broader crypto downturn, surging amid interest in Trump's campaign.

However, as the dust settles following the election fever, it appears that Trump-themed memecoins also took a step back — and in the case of some tokens, the decline was quite significant.

Other Trump-themed memecoins had very similar charts, including Super Trump (STRUMP), Dark Maga (DMAGA), and Fight to MAGA (FIGHT), which were all quite popular during the election week.

Political Memecoins That Managed to Survive the Bloodbath

CoinGecko's numbers for the PolitiFi memecoin pool on early Tuesday show that the majority of the Top 10 coins are indeed in the red. However, a select few have managed to survive the week-long decline.

Outside the Top 10 largest PolitiFi memecoins by market cap, BABYTRUMP is in a league of its own, climbing by 16.4% in the last seven days and logging a 12% spike in the past day.

What's next for this segment?

The downtrend in politics-based memecoins highlights the risks of combining politics and cryptocurrencies, especially as Trump has yet to enter the White House and some of his cabinet picks have raised serious concerns.

It remains to be seen whether the tokens will recover in the lead-up to Inauguration Day. Still, they may have a chance to bounce back, especially with increased optimism over the incoming altcoin season wherein crypto investors are expected to experience renewed interest in alternative crypto assets.