Trump Coins Trend After Assassination Attempt – Keep an Eye on This Emerging Coin
Over the last 48 hours, following an assassination attempt on former President Donald Trump, there has been a predictable surge in the price of Trump-themed meme coins.
This article examines the sharp rise in Trump coin valuations and looks to see which coin is next to watch
When my wife leaves me because I spend too much time on crypto but I just made $50 on a trump meme coin pic.twitter.com/jcvGM9PmEX
— Gordon (@AltcoinGordon) July 14, 2024
Across the meme coin market, Trump coins (which are coins name-linked to Trump, MAGA, Barron, or anything else in Donald’s sphere of influence) have exploded in a flurry of quick-fire gains – that have netted investors financial index-beating returns almost instantly.
Following Thomas Matthew Crooks’ failed assassination attempt, meme coin markets haven’t skipped a beat as retail interest raced into the emerging trades.
Leading the pack at hot #1 on DEXtools is the legendary ERC-20 meme coin ‘MAGA’ – which represents probably the most prominent Trump coin in the crypto space at a current $80M market cap.
MAGA token produced a +50% return for investors, with gains limited by the already significant market cap – despite the influx of multi-million volumes.
However, this is just the start. Another Trump coin still riding high on DEX markets, currently ranked #9 on DEXTools ‘Hot Coins, is the ERC-20 TRUMP token.
Sat at an even higher market cap (currently $370M) than its rival MAGA token, it’s all the more remarkable that TRUMP token managed to outperform with a +70% move almost instantly after Thomas Matthew Crooks launched his attack.
Shifting attention away from Ethereum to Solana – the real hub of activity in the 2024 market environment – Martin Shkreli’s infamous DJT token dominates
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