[Lunch Briefing] Memecoin Daily Trading Volume Surges 200% on Trump’s Election

Major virtual assets are on the rise.

As of 12:59 PM on the 7th, based on Bithumb, BTC rose 1.5% from the previous day to 103,328,000 won. Ethereum (ETH) rose 8.66% to 3,927,000 won, Solana (SOL) rose 1.76% to 263,000 won, Binance Coin (BNB) rose 3.86% to 833,500 won, and XRP rose 5.47% to 771 won.



The international market is also on the rise.

At the same time, on CoinMarketCap, BTC recorded $74,921.84, up 1.20% from the previous day. ETH rose 10.37% to $2,846.29, SOL rose 3.18% to $189.1, BNB rose 4% to $604.99, and XRP rose 5.72% to $0.196.

The total market capitalization of virtual assets increased by 3.51% from the previous day to about $3.54 trillion (about 494.82 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 7 points from the previous day to 77 points, indicating 'extreme greed'.

Former President Donald Trump's victory in the US presidential election is causing a surge in meme coins.

According to CoinTelegraph on the 6th (local time), the market capitalization of meme coins surpassed $66.72 billion (about 93.508 trillion won), recording the highest level in 7 months. On the 6th, the market capitalization of meme coins increased by 21%, and the daily trading volume increased by more than 200%.

The market capitalization of Dogecoin (DOGE) increased by 14.5%, Dogwife (WIF) by 5%, and Brett (BRETT) by 5%. The market capitalization of Ethereum-based Pepe (PEPE) increased by 12.6%. The market capitalization of political meme coins also increased by 17% in 24 hours, exceeding $640 million. The 5 items that showed the most rapid increase were all Trump-related meme coins. This reflects the expectation that a virtual asset-friendly industrial environment will be created with the re-election of former President Trump. On the other hand, meme coins related to Vice President Kamala Harris plummeted.

Reporter Hae-yeon Kang

haeyeon41@rni.kr