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๐ฅ๐ Memecoin Soars After Trump's Crypto-Friendly Comments
Former President Donald Trump accused President Joe Biden of being uninformed about cryptocurrencies, prompting Biden to ask: "Crypto? What is crypto?" He said he would respond as follows. Trump also told cryptocurrency enthusiasts, "If you love crypto, you should vote for Trump." He encouraged people to vote.
Following these comments, memecoins linked to Trump's famous slogan "Make America Great Again" (MAGA), such as $MAGA and $TRUMP, experienced a significant increase in value, nearly doubling.
This event demonstrated the impact of presidential announcements on the crypto market and led to a rapid increase in MAGA-based memecoins.
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