- July 14, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The price of several Donald Trump-themed memecoins has surged in the last few hours after the former US President and Republican Presidential Candidate survived an assassination attempt. Trump, who has publicly declared support for digital assets in recent times, has continued to remain a center of attention in the crypto ecosystem, especially with the US elections set to be held in November.
Donald Trump Memecoins React Positively To Failed Attack
Several circulating videos on July 13 showed Donald Trump dropping to the ground amidst sounds of gunshots while delivering a speech at a campaign rally in Butner, Pennsylvania. The injured former US President was quickly covered by the agents of the US Secret Service who quickly escorted him off the stage at the rally.
In reaction to this event, memecoins based on the image and personality of Donald Trump have recorded significant price gains.
According to data from DexScreener, the MAGA token (TRUMP/WETH), based on the Ethereum blockchain soared from $6.17 to $10.46 following news of this development. Meanwhile, donald tremp (tremp/SOL) created on the Solana network rose from $0.39 to as high as $0.84 indicating a 132.35% price increase.
In addition to the price effects on existing tokens, there has also been a rapid creation of many more Donald Trump-themed memecoins with remarkable price gains. Notably, there is the Solana-based Make Ear Great Again (MEGA/SOL) which produced a 30,982% gain in the last few hours.
Trump Comments On Recent Shooting
Meanwhile, Donald Trump has released a statement on this incident detailing his traumatic experience. The former US President posted on self-owned social media platform Truth Social saying:
I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening. GOD BLESS AMERICA!
The Republican Presidential candidate also confirmed the shooter has been neutralized although his identity among other things about this person remains unknown. According to data from election prediction site Polymarket, Trump’s chances of winning the US Presidential elections have now hit 70% following the failed assassination attempt.
Trump, who has been a vocal supporter of cryptocurrency in recent weeks, has garnered some levels of support within the crypto space marked by heavy donations from key figures such as Kraken co-founder Jesse Powell and the Winklevoss twins, founders of the Gemini exchange. However, other popular persons including the founder of BitMEX exchange Arthur Hayes, remain critical and suspecting of the politician’s “sudden” embracement of digital assets.
Featured image from The New York Times, chart from Tradingview
