As a seasoned crypto investor with over two decades of market experience, I’ve seen my fair share of ups and downs, political turmoil, and unexpected events that have impacted the markets. The recent attempted assassination on Donald Trump has once again reminded me of the volatile nature of both politics and cryptocurrencies.
Based on FBI reports, it seems that Donald Trump was potentially targeted in an attempted assassination at his golf club in West Palm Beach, Florida last Sunday. This incident occurred nine weeks after the previous attempt on Trump’s life as the Republican presidential nominee survived. The former president declared himself safe, and authorities have detained a suspect.
Agents from the Secret Service discovered Ryan Wesley Routh, a man armed with an AK-type rifle, concealed in bushes near the golf course. Distanced approximately 300 to 500 yards from Trump, Routh was targeted by the agents who fired at him. He then escaped, but later was apprehended on the I-95 highway.
Trump Assassination Attempt: Suspect’s Profile
At the age of fifty-eight, Ryan Wesley Routh has spent his entire life as a convicted criminal. He recently relocated from North Carolina to Hawaii. He stands accused of more than 100 offenses, and it’s been reported that he allegedly enlisted people to fight against Russia on behalf of Ukraine.
Security Risks Detected
The event has sparked worries about safeguarding political leaders, as the Secret Service faces increased scrutiny following a comparable incident in July 2024. Leaders from various parties condemned the violence and expressed gratitude for Trump’s safety; Vice President Kamala Harris and President Biden commended the Secret Service’s actions.
During a particularly heated phase for the presidential election, Trump has emerged as the Republican nominee. However, he faces numerous criminal allegations stemming from attempts to retain power following his loss in the previous presidential election. As he navigates through the aftermath of this near-fatal incident, his ability to concentrate on opposition will be put to the test.
Impact On Crypto Tokens
Following the attempt on Donald Trump’s life, assets tied to him have experienced significant declines. The majority, such as MAGA, TRUMP, and TREMP, have shown some resilience but remain in negative territory.
The MAGA Hat token, which is second only to Trump’s other token, experienced a 6.5% decrease – a total loss of 32% over the past week. During its trading session at $0.00006116, the MAGA token showed signs of potential support around $0.045. If the price holds near this bottom level, it may attract investors.
The largest Trump-related token, MAGA, has experienced a substantial drop, reaching $2.12, which is significantly lower than its peak of $17.07. Despite this decline, initial investors could still find themselves in a profitable position. The TRUMP price chart suggests the possibility that the token might hit a floor at around $1.20. However, it’s also possible for the token to fall further to the range of $0.40-$0.70 before finding solid support and attempting recovery.
Currently, one of the top three coins themed around Trump is called Doland Tremp (TREMP). Like other similar coins, it appears to be more stable. In the past 24 hours, TREMP saw only a 3% decrease and is currently trading at $0.1231, which is close to a strong support level that was tested multiple times last month. This could indicate a potential recovery trend.
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2024-09-17 03:41