The attempted assassination of Donald Trump shook the world over the weekend. In response, some cryptocurrencies inspired by the Republican presidential candidate in the United States have exploded. What are they?
Cryptocurrencies inspired by Donald Trump are exploding
Former US President and re-election candidate Donald Trump was targeted by an assassination attempt over the weekend. Slightly injured in the ear, he was released from hospital quickly. The news went around the world and It had an effect on the cryptocurrency price having been inspired by Donald Trump.
These “memecoins”, which had already been talked about during the presidential campaign, have exploded upwards. Starting with MAGA (TRUMP), a cryptocurrency that can even be found in the wallet of the former President of the United States. The latter took 84% in the space of an hour, immediately after the assassination attempt. :
MAGA Price Sees High Volatility After Weekend Events
MAGA came in at $11.50, down from $5.80 immediately before the event.. It is not the only cryptocurrency to be affected. The price of Doland Tremp (TREMP), one of the most popular political memecoins at the moment, has also seen a sharp increase: it has gained 107% in less than an hour.
Among other memecoins affected by the event, Examples include the MAGA Hat (MAGA), as well as the Super Trump (STRUMP), which jumped in similar proportions.For comparison, the price of Jeo Boden (BODEN), which parodies the current Democratic president, has lost 24% over the same period.
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On Polymarket, Donald Trump is now widely expected to win
The Polymarket prediction market also reacted strongly to the case. The assassination attempt is widely seen as a strengthening factor for the Republican candidate: he would now have a 71% chance of being re-elected, according to oddsmakers. This is the highest percentage ever for this bet:
Bettors bet on Donald Trump on the Polymarket betting platform
Cryptocurrencies have become a campaign issue in the United States. Donald Trump has also been very “pro-crypto” in recent months, calling himself the future “crypto president“. It is therefore logical that the latter were affected by the assassination attempt which targeted her this weekend.
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Source: TradingView, CoinGecko
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A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3045 articles
