Memecoins
TREMP price doubles after Donald Trump shooting
Former US President Donald Trump was the victim of a dramatic assassination attempt at a campaign event in Pennsylvania on Saturday.
While reports indicate that Secret Service agents quickly evacuated Trump from the venue, the incident has sparked an outcry among the public, including within the crypto community.
Trump-Linked Coins Surge After Attack
Trump’s rally in Butler suddenly descended into chaos after the presumptive Republican nominee was shot in the back of the head, a bullet piercing the upper part of his right ear, causing significant bleeding. Amid the chaos, Secret Service agents rushed to Trump’s aid, escorting him off the stage and transporting him to a local medical facility.
Despite the gravity of the situation, Trump managed to raise his fist in defiance to the crowd as he was led to his motorcade. The incident resulted in the deaths of one rallygoer and the suspected shooter, and two other spectators were seriously injured.
Learn more: 7 Popular Coins and Altcoins in 2024
After the assassination attempt, Trump spokesman Steven Cheung, confirmed Trump is “doing well” and is being examined. Trump also took to his Truth Social page to express his gratitude to the U.S. Secret Service and all law enforcement agencies for their quick response.
“I would especially like to express my condolences to the family of the person who was killed at the rally, as well as to the family of another person who was seriously injured. It is unbelievable that such an act could take place in our country. […] I knew immediately that something was wrong, I heard a whistle, gunshots, and I immediately felt the bullet tear the skin. There was a lot of bleeding, so I knew what was happening. God bless America! declared.
The attack on Trump has sparked strong reactions from public figures. Tesla and SpaceX CEO Elon Musk has publicly Express his support for Trump. Musk said he hoped for the former president’s speedy recovery.
President Joe Biden too replied He condemned the violence as “unhealthy” and expressed gratitude for Trump’s swift evacuation.
Interestingly, the cryptocurrency market reacted to the attempted assassination of Trump. Trump-Linked Coins See Remarkable Surge in their value.
For example, the MAGA (TRUMP) meme currency has skyrocketed from $6.31 to $9.68 before stabilizing at $7.90. Similarly, the meme currency Doland Tremp (TREMP) saw a significant increase, doubling its value from $0.38 to $0.76.
Trump’s changing stance on cryptocurrencies sparks debate
Trump’s candidacy for the upcoming November elections has has garnered considerable attention from the crypto communityThis is largely due to his recent support for the industry. Data from market prediction platform Polymarket indicates that Trump’s chances of winning have increased to 70%, while Biden’s are only 16%.
Learn more: How can blockchain be used for voting in 2024?
However, it is important to note that Trump’s Stance on Cryptocurrencies has evolved over time. BeInCrypto reported that in July 2019, Trump Openly Criticized Bitcoin and other digital currencies, labeling them as “not money” and emphasizing their volatilityThis raises questions about his sincerity and the potential policy changes that could result.
In a recent blog post, Arthur Hayes, founder of cryptocurrency exchange BitMEX, Free a critical perspective on Trump’s changing position. Hayes suggested that Trump’s new support is politically motivatedaimed at attracting the young, politically active and financially influential crypto voter base in key states.
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