Breaking news! Trump is convicted of all 34 felonies and may go to jail! Can the related MEME coins still be bought?
Yesterday, all 34 charges against Trump in the "hush money" case were found guilty. The sentencing will be on July 11. Trump is likely to become the first former president in history to be convicted.
As soon as the news came out, Trump's related MEME coins ushered in a sharp decline, TRUMP fell 35%, MAGA fell 25%, on the contrary, Biden's MEME coins soared 20% in the short term, and FREE TRUMP soared 50 times.
Many people will ask, can Trump's related MEME coins still be bought? Will they return to zero after being imprisoned?
First of all, Trump's incident will not be so pessimistic. According to reports, Trump's legal disputes will not prevent him from running for president, because the US Constitution does not prohibit felons from holding the highest office, so there is a high probability that we will hear news of the reversal of the incident later.
Secondly, traders in the blockchain prediction market Polymarket still predict that Trump can defeat Biden in the November election, and predict that Trump's probability of winning the election is 56%, while Biden's probability is only 38%.
Should Trump's MEME coin be sold?
I think there will definitely be an impact in the short term, but the market immediately closed after the spike, which shows the market's attitude. Half of the position can be transferred to Biden's MEME coin for hedging, and Trump's MEME coin can be bought again when it plummets, waiting for a reversal.
It should be reminded that MEME coins are extremely risky, so don't hold a large position in a certain series, just hold a light position to fight the odds.
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