[Lunch Briefing] Hype Launches Presidential Meme Coin Index Ahead of US Election

Major virtual assets are on a downward trend. As of 12:54 PM on the 5th, BTC on Bithumb fell 0.23% from the previous day to 948 million won. ETH fell 1.20% to 33.64 million won, BNB fell 0.32% to 7.72 million won, SOL fell 1.77% to 2.218 million won, and XRP fell 0.71% to 703 won. The global market is also on a downward trend. At the same time, BTC on CoinMarketCap recorded $68,093.62, down 1.47% from the previous day. ETH fell 2.46% to $2,414.98, BNB fell 1.41% to $554.92, SOL fell 2.25% to $159.35, and XRP fell 0.47% to $0.505. The total market capitalization of virtual assets decreased by 2.68% from the previous day to about $2.18 trillion (about 300.62 trillion won). The Crypto Fear & Greed Index of alternative.me is at 70 points, the same as the previous day, indicating 'Greed'. Hype has launched the 'Presidential Meme Coin Index' ahead of the US presidential election. The index includes meme coins such as TREMP, TRUMP, KAMA, KAMALA, and HARRIS. The meme coin index can be used to predict token prices and obtain information on the election of candidates. Ravi Bahad, the founder of Hype, said, "The problem with meme coins is that there are multiple meme coins for one issue, and the meme coin index will help visualize the trends of a specific issue." According to the Hype index as of the 4th, the Trump-themed token basket rose 86.9% after the September presidential debate, and the Harris-themed token basket rose 48.9%. Bahad said the meme coin index moves similarly to opinion polls, and "Harris' approval rating has actually risen, and the Kamala meme coin index has caught up a lot with the Trump meme coin index."