Patriot Memecoin Soars to $73 Million Market Cap Amid Trump Election Buzz

Patriot, a political finance (PolitiFi) memecoin, surged to a record $73 million market capitalization early Wednesday.

The memecoin, created after Donald Trump's presidential win on Nov. 6, hit an all-time high of $0.0073 around 12 p.m. EST, before dipping to $0.0068, pushing Patriot's market cap to over $73 million.

This surge marked a 626% increase over the past week, the largest gain in the memecoin market this week, and a 1,314% rise over the past 30 days, according to CoinGecko.

The rally of the PolitiFi memecoin, which the patriotonbase.xyz website says recently commissioned a bronze statue of President-elect Trump, underscores the growing intersection of cryptocurrency and political movements.

Patriot’s surge further aligns with growing cultural and political interest in digital assets tied to political ideologies. The PolitiFi market cap currently sits at $506 million, a 3.9% increase in the last 24 hours, according to CoinGecko data.

The Rise of PolitiFi Memecoins

PolitiFi coins are a category of meme coins inspired by political figures, events, and ideologies. Some of the most popular ones include Corn, Trump47, and Kama.

Experts suggest that Patriot and other PolitiFi memecoins could see further gains, especially as the 2024 inauguration approaches.

Trump47, for example, is currently trading at $0.0004916, a 541.8%increase over the last week, and a 1,322% increase over the last month. Corn is trading at $0.0001284, a 111% increase over the last week.

“There’s been a lot of excitement within crypto due to Trump winning the election and those abuzz with positive sentiment are turning to PolitFi coins as an indicator of that,” said

Patrick Gerhart, the President of Banking Operations at Telcoin.

“As the new administration comes into office, we’ll likely see more of these communities turn to PolitiFi tokens as a symbol of excitement over innovative crypto regulation and decreased regulatory scrutiny,” he added.