As the U.S. election draws near, numerous meme coins on Solana inspired by the 2024 presidential race between Donald Trump and Kamala Harris are experiencing explosive growth.
According to data from Dexscreen, thousands of new meme coins have appeared, with significant growth, particularly among those linked to Trump or Harris. The leading meme coins on Solana by growth are also associated with the election odds for Trump and Harris on Polymarket.
Notably, the Maga (TRUMP) coin surged by 25.4%, reaching a market cap of $167 million, while Maga Hat (MAGA) rose by 35.5% and Doland Tremp (TREMP) increased by 18.3%. Conversely, the largest Kamala Harris-themed meme coin (KAMA) fell by 21%, with Kumala Herris (MAWA) dropping 6.5%.
Charts reveal the explosive growth of meme coin projects, fueled by the viral power of social media and topics spanning politics to influential media figures. Especially in the current meme coin cycle, market caps of meme coins have skyrocketed from a few million dollars to hundreds of millions within a day, showcasing the strength of the "super meme cycle" effect.
