FreeTrump

Shiba Inu

President Donald Trump

Donald Trump

MAGA

The market cap for political meme coins <a href="https://www.coingecko.com/en/categories/politifi" rel="noopener noreferrer nofollow">soared</a> 6% over the past 24 hours with the FreeTrump (TRUMP) token skyrocketing 497% after a Manhattan jury found former US President <a href="https://insidebitcoins.com/news/donald-trump-continues-his-pro-crypto-crusade-vows-to-establish-future-of-crypto-in-the-us" rel="noopener noreferrer nofollow">Donald Trump</a> guilty on 34 felony counts in his hush money trial.
<img decoding="async" class="alignnone wp-image-528508" src="https://insidebitcoins.com/wp-content/uploads/2024/05/Trump-guilty-1-300x158.jpg" alt="Trump guilty (1)" width="727" height="383" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/Trump-guilty-1-300x158.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/Trump-guilty-1-1024x538.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/Trump-guilty-1.jpg 1200w" sizes="(max-width: 727px) 100vw, 727px">
Largest political meme coins by market cap (Source: CoinGecko)
FreeTrump’s <a href="https://www.coingecko.com/en/coins/freetrump" rel="noopener noreferrer nofollow">meteoric rise</a> pushed the altcoin’s weekly performance up a staggering 1,047%. As a result, the meme coin traded hands at $0.0233 as of 2:25 a.m. EST.
<img decoding="async" src="https://media.cnn.com/api/v1/images/stellar/prod/240530094307-dle-03-donald-trump-hush-money-053024-crop.jpg?c=16x9&amp;q=h_438,w_780,c_fill" alt="Donald J. Trump news - breaking news, video, headlines and analysis | CNN Politics">
<h2 id="span-style-font-weight-400-maga-attempts-recovery-after-flash-crash-following-trump-guilty-verdict-span">MAGA Attempts Recovery After Flash Crash Following Trump Guilty Verdict</h2>
MAGA (TRUMP), the largest altcoin linked to the former president, plummeted to a low of $10.86 over the past 24 hours. After he was found guilty, the altcoin went ballistic and was able to set a new all-time high (ATH) at $17.23. But its rollercoaster price movements continued, with TRUMP dropping 21% from its new peak.
The wild fluctuations of the MAGA price came after Trump was found guilty of falsifying business records and&nbsp; concealing documents relating to hush money paid to adult entertainment star Stormy Daniels. Following the guilty verdict, the case will now proceed to sentencing.
Opportunistic developers also looked to capitalize on the President’s trial, leading to the launch of another Trump-themed meme coin called NEVER SURRENDER (TRUMP). After entering the market yesterday, the altcoin has <a href="https://www.dextools.io/app/en/ether/pair-explorer/0xa1ccd2a8fd5f1ccd5fc5ede255f4d53ec8004489?t=1717137908783" rel="noopener noreferrer nofollow">soared</a> 52,737%.
<h2 id="span-style-font-weight-400-kenidy-and-ptrump-among-the-biggest-gainers-span">KENIDY And PTRUMP Among The Biggest Gainers</h2>
Another meme coin linked to the former <a href="https://insidebitcoins.com/news/hell-has-frozen-over-how-us-politics-and-donald-trump-sparked-a-historic-breakthrough-for-crypto-amid-ethereum-etf-approvals" rel="noopener noreferrer nofollow">President</a>, Pepe Trump (PTRUMP), was also able to post a 24-hour gain. After pumping 8% over the past 24 hours, the crypto’s price climbed to $0.01475.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Trump is winning – at least the Political Meme Token race!
 Explore the list of Political Meme Tokens fueling the rivalry 👇<a href="https://t.co/8tTf8nVYSU" rel="noopener noreferrer nofollow">https://t.co/8tTf8nVYSU</a> <a href="https://t.co/rWbFOZTAi2" rel="noopener noreferrer nofollow">pic.twitter.com/rWbFOZTAi2</a>
 — CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1796229585815875812?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Meanwhile, Ruburt F Kenidy Jr (Kenidy) was among the top 5 gainers with its more than 22% surge. However, KENIDY’s recent gain was not enough to push the meme coin’s weekly performance out of the red zone.
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Trump Guilty Verdict Sends Political Meme Coins Skyrocketing, FreeTrump Coin Surges 633%

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