Following Donald Trump's election victory in the United States on November 6, many Trump-themed memecoins experienced significant declines. The leading memecoin, MAGA (TRUMP), which surged to $4.60 following the election results, fell 53% to $1.87 within 24 hours. Similarly, the MAGA Hat (MAGA) memecoin dropped around 55% while other Trump-related tokens such as Dark MAGA (DMAGA) and Super Trump (STRUMP) saw decreases of 75% and 50% respectively. Amidst this turmoil, the broader crypto market surged, with Bitcoin reaching a new all-time high of $76,228. Other major cryptocurrencies like Ether also saw gains, with a 12% rise surpassing $2,800. Overall, while Trump-related memecoins tumbled, the rest of the crypto market thrived, indicating a distinct separation in market behavior post-election.

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