Several Donald Trump-themed memecoins have surged in price in the past few hours after the former US president and Republican presidential candidate survived an assassination attempt. Trump, who has publicly declared his support for digital assets recently, continues to be a focus of attention in the cryptocurrency ecosystem, especially with the US elections scheduled for November.
Donald Trump’s Memecoins React Positively to Failed Attack
On July 13, multiple videos emerged showing US President Donald Trump falling to the ground amid gunshots as he was giving a speech at a campaign rally in Butner, Pennsylvania. The injured former US president was quickly covered by Secret Service agents and quickly escorted off the stage at the rally.
In response to this event, meme cryptocurrencies based on the image and personality of Donald Trump recorded significant price gains.
according to Data from DexScreener, The value of the Ethereum blockchain-based MAGA token (TRUMP/WETH) surged from $6.17 to $10.46 following the news of this development. Meanwhile, Donald’s Temperature (Temp/SOL) The price of Bitcoin created on the Solana network rose from $0.39 to $0.84, indicating a price increase of 132.35%.
In addition to the price impacts on existing tokens, there has also been a rapid creation of several Donald Trump-themed cryptocurrencies with significant price gains. Of particular note is the Solana coin, which is based in the city of Solana. Make Your Ear Great Again (MEGA/SOL) Which achieved gains of 30,982% in the past few hours.
Trump comments on recent shooting incident
Meanwhile, Donald Trump issued a statement on the incident, explaining his painful experience. The former US president posted on his social media platform Truth Social, saying:
I was shot through the top of my right ear. I knew right away something was wrong, I heard a whooshing sound and gunshots, and I immediately felt the bullet go through my skin. I was bleeding profusely, so I knew what was happening. God bless America!
The Republican presidential candidate also confirmed that the shooter had been neutralized, although his identity, among other things, remains unknown. according to Data from election prediction site PolymarketTrump’s chances of winning the US presidential election have now reached 70% after the failed assassination attempt.
Trump, who has been an outspoken supporter of cryptocurrencies in recent weeks, has enjoyed some levels of support within the crypto space, marked by large donations from key figures such as Kraken co-founder Jesse Powell and the Winklevoss twins, founders of the Gemini exchange. However, other popular figures including the founder of BitMEX Arthur Hayes Exchange, Some are still critical and skeptical of the politician’s “sudden” embrace of digital assets.
Featured image from The New York Times, chart from Tradingview