MAGA Memecoin (TRUMP) Spikes 52% Following Donald Trump Assassination Attempt
The largest Donald Trump-themed memecoin, MAGA (TRUMP), experienced a price surge of over 50% following an assassination attempt on the former United States president while he was speaking at a rally in Butler, Pennsylvania.
The Ethereum-based memecoin saw its value soar from $6.31 to $10.36 immediately after the incident, causing its total market capitalization to skyrocket from $293 million to $469 million in less than 45 minutes.
The news of the assassination attempt also had an impact on other Trump-themed meme coins.
Tremp (TREMP), a memecoin based on the Solana blockchain, surged by more than 63% within an hour of the incident.
Another memecoin called MAGA Hat (MAGA) briefly spiked by 21% during the same timeframe.
During the rally in Butler, Pennsylvania on July 13, several shots were fired from an unknown direction while Trump was on stage.
The former president reacted quickly, clutching his ear and dropping to the ground as Secret Service agents rushed to protect him.
Shooting just happened at The Trump rally pic.twitter.com/Xs1dVL1H3T
— Acyn (@Acyn) July 13, 2024
An official spokesperson from Trump’s campaign assured the public that he was unharmed and receiving medical treatment at a local facility.
“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.”
The attempted assassination had immediate consequences in the realm of prediction markets as well.
On the Ethereum-based prediction market Polymarket, Trump’s odds of winning the upcoming election jumped from 60% to 68% following the incident, while President Joe Biden’s predicted
Read more on cryptonews.com
