MAGA

Donald Trump

The price of the largest Donald Trump memecoin, MAGA (TRUMP), surged more than 30% following an assassination attempt on the former United States president while he was speaking on stage at a rally in Butler, Pennsylvania.
The Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes, <a href="https://dexscreener.com/ethereum/0xe4b8583ccb95b25737c016ac88e539d0605949e8" target="_blank" rel="noopener nofollow">according</a> to DexScreener data.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/86fa4310-307a-4da3-92ae-1c5ce7ba1120.png" alt="Donald Trump memecoin spikes 52% following assassination attempt" title="">
 <figcaption style="text-align: center;">
 The price of MAGA memecoin soared following an attempt on the life of the former president. Source: DexScreener&nbsp;
 </figcaption>
</figure>
The price of several other Trump-themed memecoins also rallied on the news.
Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while another memecoin dubbed MAGA Hat (MAGA) briefly spiked 21% within the same timeframe.&nbsp;
Trump was speaking on stage at a July 13 rally in Butler, Pennsylvania, when several shots were fired from an unknown direction.
Trump clutched his ear as the shots sounded, dropping to the ground as US Secret Service agents rushed to protect him.&nbsp;
<blockquote class="twitter-tweet">
 Shooting just happened at The Trump rally <a href="https://t.co/Xs1dVL1H3T">pic.twitter.com/Xs1dVL1H3T</a>— Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1812249329203286464?ref_src=twsrc%5Etfw">July 13, 2024</a>
</blockquote>
While being whisked off the stage by his security detail, Trump asked them to pause while he raised his fist and shouted toward the crowd.
Related: <a href="https://cointelegraph.com/news/republican-party-crypto-policy-platform-trump">US Republicans under Trump include crypto in official party platform</a>
An official spokesperson from Trump’s campaign <a href="https://apnews.com/live/election-biden-trump-campaign-updates-07-13-2024" target="_blank" rel="noopener nofollow">told</a> the Associated Press that the former president was “fine” following the incident and was undergoing medical treatment at a local facility.&nbsp;
“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” spokesman Steven Cheung said in a statement. “He is fine and is being checked out at a local medical facility. More details will follow.”
<h2 data-ct-non-breakable="true" id="trump-s-election-odds-soar-on-polymarket">Trump’s election odds soar on Polymarket</h2>
Speculators on the Ethereum-based prediction market Polymarket were quick to place their bets as well, with Trump’s odds of clinching a victory in the upcoming election jumping from 60% to 68% immediately after the assassination attempt, <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1720914083036" target="_blank" rel="noopener nofollow">according</a> to Polymarket data.&nbsp;
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/83d7fe1e-9636-4267-8fab-070585df1a03.png" alt="Donald Trump memecoin spikes 52% following assassination attempt" title="">
 <figcaption style="text-align: center;">
 Trump’s odds of being elected president jumped 8%. Source:&nbsp;Polymarket
 </figcaption>
</figure>
Meanwhile, President Joe Biden’s predicted odds of winning reelection fell from 30% to 15%.
Trump now stands as the clear favorite on the prediction market, with overall odds of 70% compared to just 15% for Biden and 9% for Vice President Kamala Harris.
Trump, formerly a skeptic of cryptocurrencies, said on&nbsp;<a href="https://cointelegraph.com/news/trump-calls-bitcoin-a-scam-advocates-for-dollar-hegemony">several occasions that Bitcoin</a> was “like a scam.” However, he has changed his tune on Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) and other digital assets in recent months.&nbsp;
On June 14, Trump <a href="https://cointelegraph.com/news/donald-trump-joe-biden-cryptocurrency-united-states-president">declared he would bring an end</a> to the Biden administration’s “war on crypto” if elected president.&nbsp;
This was not the first time Trump had criticized <a href="https://cointelegraph.com/news/united-states-president-joe-biden-veto-sab-121-crypto-accounting-rule">Biden for his harsh stance on crypto</a>&nbsp;while on the campaign trail. On May 26, <a href="https://cointelegraph.com/learn/how-crypto-politics-could-shape-the-next-us-presidential-election">he took aim at Biden</a>,&nbsp;arguing that the US must <a href="https://cointelegraph.com/news/donald-trump-president-campaign-cryptocurrency-adoption-global">not settle for anything but the top place</a> in the crypto industry.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/crypto-voters-are-already-affecting-the-2024-presidential-election/">Crypto exposes sudden rift among Democrats months ahead of election</a>

Donald Trump memecoin spikes 52% following assassination attempt

Inhoudsopgave

Cointelegraph

Andere artikelen gepubliceerd op 13 jul 2024

New to Crypto? Start with Easy Bulk Sending

DeFi Token Skyrockets: Experts Predict Staggering 2000% Gains Ahead:

Ethereum ETF Launch: Analyst Predicts ETH Could Mirror Bitcoin’s 200% Surge

Solana (SOL) and Pawfury (PAW): Leading the Pack in Market Correction Investments

Solana-Based Pump.fun Emerges As The Go-To Platform For Memecoin Creation, Report

Ethereum Gas Fees At Lowest Level Since May – Impact On ETH Price?

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!