Donald Trump memecoin spikes 52% following assassination attempt

Tom Mitchelhill46 minutes agoDonald Trump memecoin spikes 52% following assassination attemptThe price of the largest Trump-themed memecoin MAGA surged sharply following an assassination attempt on the former president while speaking on stage at a rally in Butler Pennsylvania.1470 Total views9 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe price of the largest Donald Trump memecoin MAGA (TRUMP) surged more than 30% following an assassination attempt on the former President while he was speaking on stage at a rally in Butler, Pensylvannia. 

The MAGA memecoin (TRUMP) spiked rapidly from a price of $6.31 to $10.36 immediately following the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 30 minutes, per DexScreener data.The price of MAGA memecoin soared following an attempt on the life of the former President. Source: DexScreener 

Trump was speaking on stage at a July 13 rally in Butler, Pennsylvania when several shots were fired from an unknown direction in the crowd. 

Trump clutched his ear as shots sounded and dropped to the ground as his security detail rushed to protect him. Shooting just happened at The Trump rally pic.twitter.com/Xs1dVL1H3T— Acyn (@Acyn) July 13, 2024

While being whisked off the stage by his security detail, Trump asked them to pause while he raised his fist and shouted at the crowd. 

An official spokesperson from Trump"s campaign told the Associated Press the former President was "fine" following the incident and that he was undergoing 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.”

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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 the MAGA Hat (MAGA) token briefly spiked 21% within the same timeframe. Trump"s election odds soar on Polymarket

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 following the assassination attempt, per Polymarket data. Trump"s odds of being elected President jumped 8% on Polymarkets. Source: 

Meanwhile, current President Joe Biden"s predicted odds of nabbing an election victory fell in the same timeframe, falling from 30% to 15% in the last hour. 

Trump now stands as the clear favorite nominee on the prediction market, touting overall odds of 70% compared to just 15% for Biden and 9% for Vice President Kamala Harris.

Magazine: Crypto exposes sudden rift among Democrats months ahead of election# Blockchain# Cryptocurrencies# Altcoin# Politics# United States# Donald Trump# MemecoinAdd reaction