Trump-themed memecoins surge in price following assassination attempt

14.07.2024

trump-memecoin
The price of memecoins associated with former U.S. President Donald Trump has surged sharply following a recent assassination attempt on his life. According to the latest data, this event has attracted significant attention to the cryptocurrency, triggering their active growth in the market. The most notable increase was observed in the MAGA (TRUMP) memecoin, linked to Trump’s campaign slogan "Make America Great Again." The token's price rose by 78% in just one day, from $6 to $10. During this period, trading volume increased by 620%, reaching $281.8 million, and market capitalization amounted to $281.8 million, allowing the token to enter the top 250 cryptocurrencies according to CoinGecko. Other politically themed tokens also showed significant growth. For example, the Donal Tremp (TREMP) memecoin increased by 136%, and the Independence Token (RFKJ), dedicated to Robert F. Kennedy Jr., rose by 24.4%. Experts note that such price spikes are often associated with high-profile news and events, especially when they involve well-known personalities and politicians. In this case, the increase in the memecoin's value can be seen as a market reaction to uncertainty and heightened attention to the figure of Donald Trump. In the future, the development of the situation with memecoins will depend on many factors, including Trump's political activity and his presence in the media. Thus, the assassination attempt on Donald Trump has not only impacted his political and public life but has also made significant changes to the financial sector, causing an unexpected rise in the value of the memecoins associated with him.
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