PoltiFi Tokens and Trump-Themed NFTs Spike as GOP Nominee Gains Ground in Key Battleground States

Maga, the largest of all Trump-themed coins, shot up 21% in the last 24 hours to a market capitalization of $185 million, according to CoinGecko.

Cryptocurrencies and non-fungible tokens (NFTs) inspired by former President Donald Trump soared as the GOP nominee appeared to be gaining an edge in key battleground states.

Here's a look at how some of these assets performed, according to CoinGecko data:

- Maga, the largest Trump-themed coin, rose 21% in the last 24 hours, reaching a market capitalization of $185 million.

- Doland Tremp, a parody cryptocurrency poking fun at the former president's name, surged nearly 40%.

- Maga Hat, another Trump-inspired coin, clocked a 21% gain.

- Kamala Horris (KAMA), a coin themed around Vice President Kamala Harris, fell over 13% in the last 24 hours.

Interestingly, despite having a lower market cap, MAGA recorded higher trading volume than TRUMP.

Meanwhile, Trump's NFT collections also saw a boost. The latest of his digital cards, "America First Edition," saw its floor price increase 5% in the last 24 hours, according to NFT Price Floor.

The "Mugshot Edition," launched in Dec. 2023, was up 2.94%.

For the uninitiated, the floor price of an NFT is the lowest price at which an NFT in a collection can be purchased. It's a key metric for buyers to understand the market value and accessibility of a collection.

The spike in Trump-associated cryptocurrencies coincided with the Republican hopeful's wins in the red states of Kentucky, Florida and Indiana, and his lead in the swing state of Georgia as of this writing.

Image via Flickr