As a crypto investor with experience in following the memecoin market, I find the recent surge in Donald Trump-themed memecoins intriguing and profitable. The failed assassination attempt on the former US President has caused a wave of excitement among investors, leading to significant price gains for several Trump-branded tokens.
In the past few hours, the cost of various memcoins centered around Donald Trump, the former American President and Republican presidential candidate, has significantly increased. This surge follows an assassination attempt on Trump that he survived. Known for his recent endorsement of digital assets, Trump’s influence in the crypto world remains strong, with the upcoming US elections adding to his significance within this ecosystem.
Donald Trump Memecoins React Positively To Failed Attack
On July 13, multiple videos emerged showing Donald Trump collapsing to the ground during a campaign rally speech in Butner, Pennsylvania, following the sudden sound of gunshots. The ex-US President was promptly shielded and rushed away from the scene by Secret Service agents.
Following this occurrence, the value of memcoins featuring Donald Trump’s likeness and persona experienced notable increases.
Based on DexScreener’s data, the MAGA token (TRUMP/WETH) on the Ethereum blockchain experienced a significant surge in value, jumping from $6.17 to $10.46 after the latest announcement. Simultaneously, the donald tremp token (tremp/SOL) on the Solana network saw a notable price increase, rising from $0.39 all the way up to $0.84 – representing an impressive 132.35% price hike.
Besides impacting the prices of pre-existing tokens, there’s been a surge in the generation of numerous new memecoins themed around Donald Trump, resulting in impressive price growth. For instance, Make Ear Great Again (MEGA), built on Solana, experienced a staggering 30,982% price increase within just a few hours.
Trump Comments On Recent Shooting
In the interim, Donald Trump has shared an account of this occurrence through a post on his personal social media site, Truth Social. The ex-President of the United States expressed his distressing experience in the message.
A bullet penetrated the upper portion of my right ear, causing me instant alarm as I heard a whistling sound, followed by gunshots, and felt the painful sensation of it tearing through my skin. Subsequently, there was profuse bleeding, leaving me in no doubt about the gravity of the situation. GOD BLESS AMERICA!
The GOP presidential candidate confirmed that the shooter has been apprehended or eliminated, but the identity and other details about this individual remain undisclosed. Based on information from political forecasting platform Polymarket, Trump’s probability of winning the US presidency has risen to 70%.
Trump, a prominent figure known for his recent advocacy of cryptocurrencies, has received significant backing from influential players in the crypto industry. Notable figures such as Jesse Powell, co-founder of Kraken, and the Winklevoss twins, creators of Gemini exchange, have shown their support through substantial donations. Nevertheless, some other notable persons like Arthur Hayes, founder of BitMEX, maintain skepticism towards Trump’s sudden interest in digital assets.
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2024-07-14 09:26