# Coinbase Stock Sees Revenge Rally After Trump Win

*Author: Kazu Umemoto*
*Published: Nov 7, 2024*
*Source: https://www.bankless.com/de/coinbase-stock-taking-off*

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$COIN was among the top-performing stocks following Donald Trump's re-election. The stock is up some 42% this week.

## **What’s the Scoop?**
- **Coinbase on the Rise**: After election day, $COIN surged from around $194 per share to $218.
- **Fairshake PAC's Role**: Optimism around the crypto space increased, particularly with the Trump win, and the influence of the Fairshake PAC seems to be driving further investor confidence.

## **Bankless Take:**
Brian Armstrong has long been a prominent voice in the crypto world—not only as Coinbase's founder but also as a major supporter of the Fairshake PAC. His investments are paying off, as $COIN has climbed over the past few days post-election. Investors are feeling bullish, not only due to the political landscape but also because the Fairshake PAC has been actively backing candidates with pro-crypto stances. This support could have far-reaching effects for crypto industry.
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