The results of the U.S. presidential election are in, with Trump elected, but the expected surge in MEME coins did not materialize.
Trump-related tokens like MAGA and TRUMP2 failed to achieve significant gains and instead experienced sharp declines. Harris-related tokens saw even greater losses, with some dropping over 90%.
Newly issued MEME coins briefly surged but quickly faced declines, with tokens like $EAGLE and $BSDNT dropping more than 90% at one point. Market funds shifted towards mainstream assets like Bitcoin, which reached new highs.
Why is this happening?
It could be due to the "buy the expectation, sell the fact" effect, market uncertainty, an oversupply of MEME coins, and a lack of strong narrative drive.
With Trump entering the White House, the future of the crypto community is filled with uncertainty.
