A meme token dedicated to Taylor Swift fell in price by 10% per day
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Johny Smith
2024/10/06
3 mins read
The cryptocurrency community is actively creating meme tokens that are dedicated to certain media personalities. It is not surprising that a token has appeared on the market that is associated with the popular American singer Taylor Swift. However, over the past 24 hours, the asset has lost about 10% in price, falling from $0.02863 to $0.02417. According to experts, this trend is due to the election race in the United States.
The point is that following the recent debate between Kamala Harris and Donald Trump, the performer publicly supported the Democratic candidate. Given the eccentricity of Donald Trump, the answer was not long in coming. The activist published a rather harsh post on social networks. It is likely that this would have been the end of it all. But just a few hours later, another assassination attempt was made on the Republican candidate.
This circumstance could not help but attract the attention of various Internet communities. Many meme images appeared that humorously reflected the sequence of these events. The cryptocurrency community also reacted to this incident. It all resulted in the fact that the token dedicated to Taylor Swift (SWFITIES) lost about 10% in price per day. At the same time, the asset demonstrates a further tendency to fall.
Currently, the trading volume of this asset over the past 24 hours was $2,000. At the same time, its capitalization is estimated at $240 thousand. Despite the fact that the SWFITIES token is modest in its market indicators, it reflects the involvement of US citizens in the upcoming elections and the circumstances that occur with candidates for the presidency. In this context, it should be noted that the KAMA asset (dedicated to Kamala Harris) has lost more than 5.5% in price over the past 24 hours.
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