PolitiFi token category, which includes tokens related to US election figures and political memes, has significantly outperformed the broader Meme coin category in 2024. According to a recent report by cryptocurrency data aggregation platform CoinGecko, PolitiFi tokens saw a staggering 782.4% increase between January 1 and August 25, while Meme coins only grew by 90.2% during the same period.
Despite this remarkable growth, PolitiFi tokens still represent a relatively small portion of the Meme coin market. As of August 25, the PolitiFi sector’s market capitalization stood at $680.8 million, capturing a 1.5% share of the $45.6 billion Meme coin market.
ConstitutionDAO (PEOPLE) emerged as the largest PolitiFi coin, boasting a market cap of $385.6 million. It has experienced a 494.3% increase since the beginning of the year, rising from $64.9 million. Initially created to purchase an original copy of the US Constitution, ConstitutionDAO disbanded after losing the bid but has managed to maintain its prominence in the PolitiFi scene.
MAGA (TRUMP), the second-largest PolitiFi coin, holds a market cap of $178.9 million, representing a 1,350.9% gain from the start of 2024. Interestingly, its all-time high of $789.8 million coincided with Donald Trump’s guilty verdict on hush money payments.
Rounding out the top three is MAGA Hat (MAGA), with a market value of $35.5 million. It has grown 1,292.1% since its May 2024 inception, demonstrating a similar price trajectory to MAGA (TRUMP).
