If a cryptocurrency is related to Donald Trump, it’s likely in high demand, as evidenced by the surge in presidential meme coins this week. On Wednesday, May 29, 2024, the meme coin 'maga (TRUMP)' peaked at $15.45 per coin. Currently, TRUMP is priced at $13.77 per unit, about 9% below its all-time high. This increase has brought the former president and 2024 candidate's holdings to $8.06 million as of Wednesday.

**TRUMP Coin Hits All-Time High Amid Major Gains for Trump-Themed Cryptos**

On May 29, 2024, at 5:07 p.m. EDT, TRUMP/USDT on Mexc saw significant activity. But maga (TRUMP) isn’t the only Trump-themed meme coin experiencing gains. Another token, super trump (STRUMP), rose by 20% over the past day, now priced at $0.014 per coin. STRUMP, an ERC20-based token, also hit an all-time high on Wednesday at $0.02298 but has since dropped over 37%. Additionally, the ERC20 token 'maga hat (MAGA)' reached an all-time high three days ago.

Currently, MAGA is trading at $0.0005518 per unit, up 30% on Wednesday, but down over 24% from its ATH of $0.0007379 per unit. Furthermore, another token project named MAGA•THE•DONALD•TRUMP (MTDT), using the Runes protocol, has seen substantial demand. On Wednesday, the Ordinals and Runes explorer platform Ord.io mentioned MTDT on X.

"Rune MAGA•THE•DONALD•TRUMP is now 88.4% minted out and is the 7th most minted Rune ever," Ord.io reported at 3:50 p.m. EDT on May 29. "36,521 mints are currently in the mempool and it will likely mint out in ~2 hours," the X account added. Currently, the Runes-based MTDT is the fourth most traded Runes token by volume on Okx’s Runes protocol marketplace. Each MTDT is trading at 5,150 satoshis ($3.46 per unit) as of 4:30 p.m. EDT.

This gives MTDT a market capitalization of $1.59 million. The performance of these tokens leading up to and following the 2024 election is uncertain. Other meme tokens named after Joe Biden and Robert F. Kennedy Jr. have also gained traction, but none have matched the performance of TRUMP, which is up 123,373% from its all-time low of $0.01136 per coin. Whether this indicates a trend for the election remains to be seen.