Political meme coins and prediction markets have had a defining role in this crypto bull market — driven by the dramatic U.S. election and Donald Trump’s pro-Bitcoin policies.

Coins like TRUMP and MAGA have become vehicles for speculation, rising and falling based on the fortunes of candidates. Most of the biggest PolitiFi tokens in terms of market cap are linked to the Republican nominee, with those named after Kamala Harris typically having much smaller valuations.

And investing in one certainly isn’t for the faint of heart. “Jeo Boden” hit an all-time high of $1.07 in April but has now plunged by 99.6% after the president abandoned his re-election campaign.