On July 13, US time, former US President Trump was shot in the head at a campaign rally in Pennsylvania, and was only one centimeter away from death. Although he only scratched his ear and did not suffer serious injuries, Trump finally escaped safely. However, this horrific incident still attracted widespread attention from the United States and even the world, not only triggering a series of chain reactions, but also greatly affecting the ongoing 2024 presidential election.
Although Trump was shot, this actually increased his chances of winning the 2024 presidential election. Data shows that on well-known prediction platforms such as Polymarket, Trump's chances of winning the US presidential election soared from 50% before the incident to more than 70%, setting a record high, and the market's support for Trump has increased significantly.
Analysts said the jump reflected investors' optimism about Trump's improved image in the assassination attempt, which has helped him gain more sympathy and support after the shooting, thus increasing his chances of being elected.
Surprisingly, this shooting incident not only caused shocks in the political circle, but also had a great impact on the cryptocurrency market. Just after the news of Trump's shooting came out, the price of Bitcoin rose sharply, breaking through the $60,000 mark. Major cryptocurrencies such as Ethereum, Binance Coin, and Solana also rose to varying degrees.
In addition, some meme coins with Trump as the theme also saw a crazy rise, such as TREMP and TRUMP, which soared by more than 50% in a short period of time. It is worth mentioning that the crypto market responded quickly to this news, and a large number of related meme coins emerged, among which "Ear Stays On" was sought after by everyone and soared 15 times.
The surge in these meme coins indirectly reflects the market's support and expectations for Trump, so this phenomenon is called the "Trump effect" by industry insiders. Some investors also regard this reaction as a blow to the "anti-Trump camp", so they have flocked into the related cryptocurrency market.
In fact, Trump's supporters also took quick action in this incident. They posted about this incident on social media, sparking widespread discussion. Now, many netizens have expressed their willingness to support Trump, which has added impetus to Trump's campaign.
It is worth noting that in this series of events, Tesla CEO Elon Musk publicly expressed his support for Trump for the first time. Musk posted on Twitter: "Trump's ears are still there" and "I fully support President Trump and hope he recovers quickly." This is the first time Musk has publicly and clearly supported Trump.
Musk has previously remained neutral and has not expressed support for any party. But this time he publicly supports Trump, which will undoubtedly have a positive impact on Trump's 2024 presidential campaign. Some analysts believe that Musk's statement may further promote Trump's position in the Republican Party. After all, Musk is quite influential among conservatives, and his support will undoubtedly bring more help to Trump's campaign.
However, the shooting incident also brought some negative effects. According to reports, a participant and the gunman were both killed in Trump's campaign rally. This undoubtedly added a tragic color to the election process and triggered sadness and mourning from all walks of life.
In general, the shooting of Trump has become an important turning point in the 2024 presidential election. Although it has caused some damage to Trump, it has become an opportunity for him to rise again. Because now most people generally believe that the "tough guy" Trump will eventually win the 2024 presidential election.
However, we must objectively realize that these data and forecasts are somewhat uncertain after all, and the future direction still needs to be closely watched (US election timetable). Regardless of the outcome, this event will become an unforgettable chapter in American political history, and this election will surely become another "barometer" of the cryptocurrency market.
