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- The price of various Donald Trump-themed memecoins has seen a dramatic increase following an assassination attempt on the former US President and current Republican Presidential Candidate.
- Trump’s growing support for digital assets has kept him in the spotlight within the crypto community, especially with the upcoming US elections in November.
- Memecoins such as MAGA token and donald tremp are experiencing remarkable gains, while Trump addresses his traumatic experience on Truth Social.
Donald Trump-themed memecoins surge in price after a failed assassination attempt, highlighting his influence in the crypto sector amid the upcoming US elections.
Donald Trump Memecoins React Positively to Assassination Attempt
On July 13, several videos surfaced showing Donald Trump dropping to the ground amidst gunfire at a campaign rally in Butner, Pennsylvania. The former US President, who was injured during the incident, was quickly protected and escorted off the stage by US Secret Service agents.
The news immediately impacted the value of Trump-themed memecoins. According to DexScreener data, the MAGA token (TRUMP/WETH) on the Ethereum blockchain jumped from $6.17 to $10.46. Similarly, the donald tremp (tremp/SOL) token on the Solana network increased from $0.39 to $0.84, marking a 132.35% price rise.
Emergence of New Trump-Themed Memecoins
In addition to existing tokens, a number of new Trump-themed memecoins have been created following the incident. The Solana-based Make Ear Great Again (MEGA/SOL) witnessed an astonishing price surge of 30,982% in just a few hours, demonstrating the market’s quick reaction to news events involving high-profile figures like Trump.
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Trump’s Response to the Incident
Donald Trump took to his self-owned social media platform Truth Social to share his experience of the attempted assassination. “I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening. GOD BLESS AMERICA!” Trump confirmed that the assailant has been neutralized but refrained from disclosing further information about the individual.
Following the incident, Trump’s odds of winning the upcoming presidential election have increased significantly. Data from Polymarket suggests his chances have risen to 70%, reflecting growing public and financial market support.
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Trump’s Relationship with the Crypto Community
Trump’s recent endorsements of cryptocurrencies have garnered mixed reactions within the crypto space. While prominent figures like Kraken co-founder Jesse Powell and the Winklevoss twins (founders of the Gemini exchange) have shown support through donations, others remain skeptical. Arthur Hayes, founder of the BitMEX exchange, questions Trump’s sudden advocacy for digital assets.
Conclusion
In summary, the failed assassination attempt on Donald Trump has not only impacted his political prospects but also caused a significant stir in the cryptocurrency market, particularly with Trump-themed memecoins. As the US presidential elections approach, Trump’s influence in both political and digital asset spheres is likely to remain a focal point of interest and speculation.
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