Memecoins
TRUMP and MAGA coins explode after former president shot at rally
Several meme tokens saw double-digit increases in value after assassination attempt on former US president Donald Trump.
Trump injured in Pennsylvania shooting
The meme coin market has seen significant gains in Trump-related tokens. The dramatic price movements come on the heels of the recent filming incident in Pennsylvania involving Trump.
His campaign team confirmed that the Republican presidential candidate is “doing well” despite the attack that pierced the upper part of his right ear.
Authorities also confirmed that at least two people, including the shooter, were killed. Others were reportedly injured.
However, as is often the case, the cryptocurrency market reacted to the news, with several Meme Coins playing on the name of Trump and his Make America Great Again (MAGA) movement which is experiencing double-digit growth.
MAGA soars 58%
Among the biggest gainers after the incident was MAGA coin (TRUMP), which at the time of writing was up nearly 58% and trading at $9.88 per coin.
MAGA 24-Hour Price Chart | Source: CoinGecko
The token’s market cap stands at $450,128,557, with a fully diluted valuation of $446,326,440. Its 24-hour trading volume is equally remarkable, reaching $37,436,858.
The price increase is evident over several other time periods. Over seven days, MAGA’s value has increased by 57.3%, while it has increased by 38% over the past fortnight. However, it is still about 24% lower than a month ago.
Super Trump jumps 51%
Another Trump-themed meme coin that has turned green following the Pennsylvania incident is Super Trump (STRUMP). The meme coin is currently up 51.2% and trading at $0.01296. Key indicators include:
- BTC Value: 0.062151 BTC, up 45.6%
- ETH Value: 0.054031 ETH, up 47.5%
- 24h Price Range: $0.008571 – $0.01308
The cryptocurrency has a market cap of $30,624,792 and its fully diluted valuation matches this figure. Its 24-hour trading volume is $4,131,626 and the circulating supply is 2,339,600,235.
Those who held the coin for at least seven days saw its value increase by 50%, while over two weeks the price improvement is significantly less at 4.3%.
However, over the past 30 days, the current price of STRUMP has remained in the red, almost 30% lower than its level a month ago.
MAGA Hats Up 35%
The MAGA Hat (MAGA) token also saw a significant increase of 35.7%, thanks to increased investor interest following the Trump shooting. Its price is now $0.0002451.
With a market cap of $96,248,672 and a fully diluted valuation of $96,964,134, MAGA’s trading volume over the past 24 hours reached an extraordinary $100,043,133 as the frenzy following Trump’s shooting continued unabated.
Its circulating supply is also substantial, standing at 410,290,333,126, which almost matches its total and maximum supply figures.
MAGA’s VP Increases 6.5%
Finally, the MAGA VP (MVP) meme coin saw a more modest 6.5% increase and is now trading at $0.2585. Details include:
- BTC value: 0.054232 BTC, up 1.8%
- ETH Value: 0.00007933 ETH, up 3.2%
- 24-hour price range: $0.2313 – $0.2651
The coin’s market cap has increased to $11,334,535 and its fully diluted valuation now stands at $12,113,003.
The price surge was accompanied by a 24-hour trading volume of $1,499,933, pushing the circulating supply of the MVP token to 44,447,310 out of a total supply of 47.5 million.
MVP’s value has increased by 0.7% over seven days, while over two weeks it is a more respectable 8.5%.
However, like the other meme coins above, MVP’s 30-day price change is negative, being 26.3% lower than previous levels despite the prevailing political climate.