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Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt
In short
Several cryptocurrency tokens associated with the former US president who was shot earlier today have soared in value as he survived the assassination attempt.
According to more recent sources, the man has reportedly been released from a local hospital and is returning to New Jersey.
The cryptocurrency industry has its controversial moments, and the constant creation of tokens tied to global events is one of them.
The ongoing battle for absolute power in the United States between Republican candidate and former President Donald Trump and the current 46th President, Joe Biden, has allowed developers to create several tokens related to both, whose value is often influenced by the events surrounding them.
Crypto-potato reported before the notable price fluctuations of the largest-cap cryptocurrencies that followed the shooting, which led to impressive gains for BTC, SOL, and others.
However, Trump-related tokens have seen even more significant increases. This is perhaps due to the failed assassination attempt and Trump’s reaction immediately afterward, when he stood up and raised his hands in a rather spectacular manner.
As a result, MAGA (TRUMP) skyrocketed over 30% after the news broke. Despite a slight retracement since then, the token is still up 26%, its market cap has risen to $370 million, and it is currently the 167th largest crypto asset.
Another coin, (Donald Trump – TRUMP2024), created primarily for the ongoing presidential battle, has surged 40% in the same time frame. DONALD TRUMP (DONALD) is another example of developers trying to capitalize on the current craze. So far, it seems to be working, as it has surged 35% on the day.