Memecoins
Number of Trump memecoins increases after Donald Trump assassination attempt
Number of Trump memecoins increases after Donald Trump assassination attempt
The price of the largest Donald Trump memecoin, MAGA (TRUMP)ETH prices have skyrocketed after an assassination attempt on the former US president at a rally in Butler, Pennsylvania. The Ethereum-based memecoin jumped from $6.31 to $10.36 immediately after the incident, boosting its market cap from $293 million to $469 million in less than 45 minutes, according to data from CoinMarketCap.
Similarly, other memecoins like DIP And MAGA Memecoin prices surged 111% and 55%, respectively, after the incident. All three memecoins have since declined from their highs, but are still in the green for the week. TRUMP and MAGA have the highest valuations in the political meme category, with market caps of $332 million and $76 million, respectively.
The dramatic price movements followed a tense moment at the July 13 rally, when several shots were fired as Trump spoke on stage. Witnesses reported that Trump clutched his ear and fell to the ground as U.S. Secret Service agents rushed to protect him. Despite the chaos, Trump managed to raise his fist and shout at the crowd before being escorted off stage by his security detail.
The events also had a notable impact on the prediction market. On Polymarket, a prediction market platform based on Polygon, Trump’s odds The odds of winning the upcoming election jumped from 60% to 68% immediately after the assassination attempt. In contrast, President Joe Biden’s chances of reelection dropped from 30% to 15%. Trump now appears as the clear frontrunner on the platform, with overall odds of 71%, compared to 18% for Biden and 5% for Vice President Kamala Harris.