🚀 **Trump Meme Coin Prices Soar!**
- The Donald Trump-themed meme coin experienced a drastic price spike after the shooting incident against the former president. MAGA coin, the largest of these meme coins, rose from $6.31 to $10.36 in less than an hour, increasing its market capitalization from $293 million to $469 million.
- This incident occurred while Trump was speaking at a rally in Butler, Pennsylvania. Despite falling, Trump managed to raise his fists and shout at the crowd before being taken for medical treatment. He later confirmed on Truth Social that he was fine.
- The crypto market reaction was very fast. Apart from MAGA coin, Solana-based Tremp coin also jumped more than 63%. This shows how sensitive the crypto market is to Trump-related news.
- Trump's attitude towards crypto has changed from skeptic to vocal supporter. He vowed to end what he called the Biden administration's “war on crypto” if re-elected.
- This incident also affected the wider financial markets. Bitcoin surged above $60,000, and prediction markets like Polymarket saw Trump's chances of winning the election rising to 70%.
🌐 **Conclusion:**
The surge in the price of the Trump meme coin shows how closely connected politics and the crypto market are. With Trump continuing to dominate the news, the crypto market will remain sensitive to developments regarding his political journey.