The MAGA token, also known as TRUMP, has faced volatility amid US election tensions and trader uncertainty.
The token saw a meteoric rise but has experienced a 4% drop in the last 24 hours, trading at $3.07.
A dormant wallet recently withdrew 4.26 million TRUMP tokens from the MEXC exchange, sparking speculation about possible election-related strategic plays.
Traders remain cautious but hopeful for the future growth of MAGA and other politically themed tokens, relying on sentiment-driven strategies amidst high sensitivity to news cycles.