In a surprising turn of events, election-themed meme coins depicting U.S. politicians have experienced a surge in value following former President Donald Trump's meeting with holders of his NFT collection. Leading the charge is the Solana-based meme coin, Doland Tremp (TREMP), which skyrocketed by an astonishing 155% over the past 24 hours, reaching a price of $0.69. Ethereum-based meme coin MAGA (TRUMP) also saw a significant overnight increase of 42%, settling at $6.11. Meanwhile, Jeo Boden (BODEN), a meme coin based on President Joe Biden, observed a more modest gain of 23.2%, raising its value to $0.37.

Interestingly, Trump expressed his disapproval of the investment potential of the BODEN meme coin during a Q&A session with holders of his Trump NFT collection, stating, "I don't like that investment." However, the market responded positively, as the coin's value continued to rise. The BODEN and TREMP meme coins had gained substantial popularity earlier this year, reaching market capitalizations of $473 million and $83 million respectively in April. However, they experienced a downward trend and currently stand at market capitalizations of $246 million and $67 million.

Trump, upon learning of the BODEN meme coin's value exceeding $240 million, commented, "a lot of money for a coin." This signifies the significant wealth potential associated with these election-themed meme coins, despite the former president's reservations.

Meme coins, which are cryptocurrencies inspired by internet memes and current events, typically exhibit limited liquidity and high volatility, closely linked to their presence in news cycles. The BODEN and TREMP meme coins are part of the "Spoderman Politicians" collection, originally inspired by the Spoderman meme, a crudely drawn character popularized through online comics.

In a separate development, Trump recently met with holders of his Trump Trading Card NFT collection at his Mar-a-Lago resort in Florida. During the meeting, he addressed the perceived hostility towards cryptocurrencies, vowing to put an end to it, claiming that it is forcing crypto firms to leave the United States. Trump emphasized that the Democratic Party and SEC Chair Gary Gensler are "very much against" crypto while expressing his support for the digital assets.

This marks a significant change in Trump's stance on cryptocurrencies, as he had previously made negative remarks about them during his time in office, stating that he was "not a fan of Bitcoin and other cryptocurrencies" due to their high volatility and perceived lack of value.

The recent surge in election-themed meme coins further highlights the unconventional and ever-evolving nature of the cryptocurrency market, where value can be driven by a satirical depiction of political figures. As these meme coins continue to captivate traders, their prices remain subject to the whims of the news cycle, making for a captivating and unpredictable investment landscape.