PolitiFi coins pumped 782.4% year to date, outperforming the broader meme coins category, which rose by 90.2% in the same period. Read the full study: https://t.co/FuA1TN1m41 What Caused #PolitiFi Coins to Rise? ​ The growing interest in the US political scene amongst crypto communities has created many PolitiFi tokens. While the majority are created for satire purposes, some have applied transaction fees to support the project and the political causes it aligns with. One example would be MAGA (TRUMP), which uses its revenue to directly contribute to Donald Trump’s Ethereum wallet and aligned charities. ​ The price action of PolitFi tokens is closely linked to political events, where developments can significantly impact their value. Some events that have affected the PolitiFi category throughout 2024 include: ​ • June 2024: Biden's health concerns caused $BODEN (@bodenonsolana) to drop -42.8% through June. ​ • July 13, 2024: Trump assassination attempt spiked $TRUMP (@MAGAMemecoin) and $TREMP (@dolandtremp_sol) by 41.2% and 63.7%, respectively. ​ • July 17, 2024: Biden's COVID-19 diagnosis led to a -27.3% drop in $BODEN (@bodenonsolana). ​ • July 21, 2024: Biden exited the race, causing a -57.4% fall in $BODEN (@bodenonsolana), while $KAMA (@kamalahorriss) rallied 59.6%. ​ For the full timeline of events affecting PolitiFi coins, read the study: https://t.co/FuA1TN1m41 ​ Methodology This study examined the market cap of PolitiFi (Political Finance) coins versus the broader Meme category. Using CoinGecko data from November 1, 2023, to August 25, 2024, the market share of PolitiFi was then derived.