Coins with national names have become a new speciality for memecoin traders. Investors are placing bets that the July Olympic Games in Paris will cause the value of several national tokens to increase.

The Nouner, an X user, constructed a dashboard that tracks 47 distinct country coins. These coins have a combined market cap of around $110 million and have seen nearly $18 million in trading activity over the past 24 hours.

With a market value of about $83 million, American Coin (USA) has the highest worth of all.

From its launch on March 14 to its climax on May 4, the price of the USA currency rose by more than 74,000%, according to DEX Screener. China Coin (CHINA) is the second largest coin named after countries with a market capitalization of $5.8 million.

However, CHINA has seen a 23,000% increase since its inception to its all-time high recorded on March 14th.

Looking at the last 24 hours, the newly released Palestine Coin (PALESTINE) is showing the most significant growth as it has jumped 764% at the time of writing. France Coin (FRA) and UK Coin (UK) also saw corresponding growth over this period, increasing by 120% and 145% respectively.

The list of country coins even includes the Olumpec Terch (OLUMPC) meme coin, which combines the Olympics narrative with the trend of meme coins spelling names wrong. From the creation of its liquidity pool until its all-time high registered on May 5, OLUMPC soared 6,400