Is the Political Memecoin Trend Already Over?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRoTAcYP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWllamxwanoxcWFmdFcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   When the crypto markets are slow, users usually wish for some wild price action. But after the recent (let’s call it a) bloodbath, a slow day might sound pretty nice. 😬 Those sharp price moves that traders live for are suddenly causing palpitations. With major liquidations happening in the leverage market, the thrill is gone - replaced by dread. Amidst the ongoing volatility, on the development side, crypto projects continue to make steady progress building out utilities and use cases. Just yesterday, for example, TON's active user addresses surpassed those of Ethereum - a major milestone for a coin not even in the top 5 by market cap. But from a price perspective, this week has been quite brutal. Almost every major large-cap coin is experiencing price dips of over 7%. So, let’s discuss this event in detail and all other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: TLDR: - Massive ZKsync airdrop is on the way. But [who can](~/AAQRxQA~/RgRoTAcYP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvemtzeW5jLXRvLWFpcmRyb3AtMzY3NS1iaWxsaW9uLXRva2Vucy10by1lYXJseS11c2Vycy1hbmQtY29udHJpYnV0b3JzP2xpZD1wZTVjNnJvMHpwYWxXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) claim this airdrop and how? - The leverage game bites back with massive liquidations. What’s [causing](~/AAQRxQA~/RgRoTAcYP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLW1hcmtldC1mYWNlcy1tYWpvci1zZWxsb2ZmLXRyaWdnZXJpbmctZG9sbGFyMjcwbS1pbi1saXF1aWRhdGlvbnM_bGlkPTd2bDN0d2tlc29maVcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) this sudden market decline? - Political memecoins are dumping hard. Is the political meme trend [over already](~/AAQRxQA~/RgRoTAcYP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcG9saXRpY2FsLXRoZW1lZC1tZW1lY29pbnMtZmFjZS1zdGVlcC1kZWNsaW5lcy1hbWlkLWJyb2FkZXItbWFya2V0LXNlbGxvZmY_bGlkPTRuMnp1ZGdqcXVvelcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)? - Solana struggles as macro fears rattle investors. Are there [any signs](~/AAQRxQA~/RgRoTAcYP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLXByaWNlLWhpdHMtZm91ci13ZWVrLWxvdy1hbWlkLW1hY3JvZWNvbm9taWMtdW5jZXJ0YWludHk_bGlkPTVrNWtvMDA0eWgxaFcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) of relief? - The Bitcoin ETF streak gets snapped by outflows. Is Wall Street [losing](~/AAQRxQA~/RgRoTAcYP0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdXMtc3BvdC1iaXRjb2luLWV0ZnMtZW5kZWQtcmVjb3JkLTE5LWRheS1pbmZsb3ctc3RyZWFrLWZvbGxvd2luZy1kb2xsYXI2NW0tb3V0Zmxvdz9saWQ9OGxzOWpkMDI1MzlqVwNzcGNCCmZhGYJpZtWvEPdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) faith in crypto? Let’s start with some good news! MARKET OVERVIEW GLOBAL MARKET CAP $2.47T ▲1.02% (24h) 24H MARKET VOLUME $77.21B ▼4.74% (24h) BITCOIN’S DOMINANCE 54.3% ▲0.34% (24h) FEAR & GREED INDEX 56 Neutral [Bitcoin] Bitcoin $67,988.9 ▲1.63% (24h) [Ethereum] Ethereum $3,543.52 ▲0.58% (24h) [BNB] BNB $616.29 ▲1.13% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoTAcYP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWkwMGtpMWpudGVhZVcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoTAcYP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9emJjcm94djI2dm93VwNzcGNCCmZhGYJpZtWvEPdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoTAcYP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1zYWltZW8ybTQ0aWJXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoTAcYP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWNvZzUzenpreXFrNVcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 12 Jun 2024 11:05 UTC TOP GAINERS 24H% [BovineVerse Token] [BovineVerse Token](~/AAQRxQA~/RgRoTAcYP0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JvdmluZXZlcnNlL1cDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲480.36% [MAGA DOGE] [MAGA DOGE](~/AAQRxQA~/RgRoTAcYP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hZ2EtZG9nZS9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲274.04% [Trump Rally] [Trump Rally](~/AAQRxQA~/RgRoTAcYP0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RydW1wLXJhbGx5L1cDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲169.57% TOP LOSERS 24H% [Panda Swap] [Panda Swap](~/AAQRxQA~/RgRoTAcYP0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3BhbmRhc3dhcHNvbC9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼89.95% [Simpson Tate] [Simpson Tate](~/AAQRxQA~/RgRoTAcYP0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NpbXBzb24tdGF0ZS9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼89.24% [Trump X-Maga] [Trump X-Maga](~/AAQRxQA~/RgRoTAcYP0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RydW1wLXgtbWFnYS9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼87.63%   Mega Airdrop Incoming The ZKsync community is getting excited with anticipation as the layer 2 project gears up for a massive airdrop to early users and contributors. The upcoming distribution represents a sizeable chunk of ZKsync's total token supply and is being billed as a symbolic nod to the community's central role in the protocol's evolution and governance going forward. As is typical for these hyper-hyped claim periods, endless theories and rumors are swirling about potential surprise recipients or overlooked activity that could lead to accidental jackpots. So who can claim this airdrop and how? [Read the full story](~/AAQRxQA~/RgRoTAcYP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvemtzeW5jLXRvLWFpcmRyb3AtMzY3NS1iaWxsaW9uLXRva2Vucy10by1lYXJseS11c2Vycy1hbmQtY29udHJpYnV0b3JzP2xpZD0zMjUwb3dhZWRrdW9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Crypto's Leverage Game Bites Back as Markets Turn Red The crypto markets turned full bear mode over the past couple days, and overleveraged traders are feeling the burn of the sell-off pain. We're talking massive liquidations across exchanges as prices tanked. While the punishing price action impacted all the major coins, Bitcoin and Ethereum saw some particularly noteworthy carnage for their respective long leveraged positions. Hundreds of millions worth of buy orders were gunned down. So what caused this bloodbath in the leverage market? Are spot traders safe? [Read the full story](~/AAQRxQA~/RgRoTAcYP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLW1hcmtldC1mYWNlcy1tYWpvci1zZWxsb2ZmLXRyaWdnZXJpbmctZG9sbGFyMjcwbS1pbi1saXF1aWRhdGlvbnM_bGlkPThxZXZ2ZjRrZzRnM1cDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   SPONSORED CONTENT   🌟 Join the $EMT Launch TODAY🌟 [Join the $EMT Launch](~/AAQRxQA~/RgRoTAcYP0QpaHR0cHM6Ly9ldGhlcm1haWwuaW8vZW10P2xpZD04ZTM4bWlzYjVhY3BXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) EtherMail EMAIL Token will be available on MEXC, Gate, BitGet and Uniswap at 10AM UTC. Don't miss it! [Learn More](~/AAQRxQA~/RgRoTAcYP0QpaHR0cHM6Ly9ldGhlcm1haWwuaW8vZW10P2xpZD04Nnl1ZTB0dGYwaXFXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)     And the PolitiFi Memecoins Selling Pressure Intensifies The already volatile world of political memecoins is getting chaotic. Coins themed around major US political figures are experiencing major dips. Leading the declines are none other than the Trump-inspired meme tokens. The FreeTrump and MAGA coins have both seen double-digit dips over the past 24 hours as sellers piled on. But Trump-based tokens aren't the only political players feeling the intense heat. The Biden family-themed Hunter Boden memecoin has also been hit with double-digit declines. Is the political memecoin trend finally fading away? [Read the full story](~/AAQRxQA~/RgRoTAcYP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcG9saXRpY2FsLXRoZW1lZC1tZW1lY29pbnMtZmFjZS1zdGVlcC1kZWNsaW5lcy1hbWlkLWJyb2FkZXItbWFya2V0LXNlbGxvZmY_bGlkPXc4aWJ6eHZlbGFmbVcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Solana Is in the List of Top Large-Cap Victims Solana has also been feeling the heat lately as investors grow increasingly jittery over the macroeconomic situation. The high-speed Layer 1 coin took a sharp double-digit hit that saw it retest key support levels not seen in nearly a month. The coin’s supporters remain convinced the decline presents an enticing buying opportunity. But with each swing lower, whispers of an extended Solana price correction grow incrementally louder. Much of the angst stems from the barrage of mixed economic data hitting the tape recently. What macroeconomic data are we talking about? Are there any signs of relief? [Read the full story](~/AAQRxQA~/RgRoTAcYP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLXByaWNlLWhpdHMtZm91ci13ZWVrLWxvdy1hbWlkLW1hY3JvZWNvbm9taWMtdW5jZXJ0YWludHk_bGlkPWRpMWJxMDJienl5MFcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Participate in Community Discussions Join the CoinMarketCap community to gain deeper market insights. Participate in active discussions that could help you uncover valuable crypto knowledge, enabling you to make more informed decisions. [Join CMC Community](~/AAQRxQA~/RgRoTAcYP0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj11c2VyX3NpZ25fdXAmdXRtX2NvbnRlbnQ9Y29tbXVuaXR5JmxpZD0yNDYzMDFrd2Znbm9XA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Join CoinMarketCap Community](~/AAQRxQA~/RgRoTAcYP0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj11c2VyX3NpZ25fdXAmdXRtX2NvbnRlbnQ9Y29tbXVuaXR5JmxpZD14aXV0ZXhiOXN5azFXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Bitcoin ETFs Are Not an Exception 😐 The relentless torrent of money pouring into U.S. Bitcoin ETFs lost steam this week, with outflows interrupting the product's historic accumulation streak. After an unprecedented 19-day run where investors piled into the funds day after day, the tides shifted this week. Leading the outflow charge was Grayscale, which saw tens of millions pulled from its flagship GBTC fund. Other major issuers like Galaxy and Valkyrie weren't spared either as the sell-off took hold of the market. Do any TradFi experts think the macroeconomic situation plaguing markets could take a turn for the better anytime soon?[Read the full story](~/AAQRxQA~/RgRoTAcYP0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdXMtc3BvdC1iaXRjb2luLWV0ZnMtZW5kZWQtcmVjb3JkLTE5LWRheS1pbmZsb3ctc3RyZWFrLWZvbGxvd2luZy1kb2xsYXI2NW0tb3V0Zmxvdz9saWQ9NGphM2g1bmh6bXRxVwNzcGNCCmZhGYJpZtWvEPdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that’s a wrap. We will be back with more updates tomorrow!   [Apple Store](~/AAQRxQA~/RgRoTAcYP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRoTAcYP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRoTAcYP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZmEZgmlm1a8Q91IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRoTAcYP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRoTAcYP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRoTAcYP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmZhGYJpZtWvEPdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRoTAcYP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmYRmCaWbVrxD3Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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