Trump Token Rebounds After Sharp Decline Due to Conviction 🚀📉
The largest meme coin associated with Donald Trump, TRUMP, has bounced back after a 16% drop following his conviction on 34 counts of falsifying business records.
Key Points:
1️⃣ Initial Decline: TRUMP fell from $13.48 to $11.27, wiping out over $130 million in market cap.
2️⃣ Quick Recovery: TRUMP's price rebounded to $14.70, just 1.5% shy of its 24-hour high of $14.92.
3️⃣ Market Impact: Other Trump-related tokens like Super Trump (STRUMP) and Baby Trump (BABYTRUMP) also fell but didn't recover as strongly.
4️⃣ Biden’s Coin: Jeo Boden (BODEN), linked to Joe Biden, saw a brief rise before falling below pre-conviction levels.
5️⃣ Election Predictions: Crypto gamblers on Polymarket predict a Trump win with a 54% chance compared to Biden's 40%.
6️⃣ Trump’s Appeal: Despite the conviction, Trump maintains his innocence and calls the trial a “disgrace.” He continues to rally support within the crypto community.
Stay tuned for more crypto insights! 👍
🔍 Disclaimer: This post is for informational purposes only and should not be taken as financial advice. Always do your own research before investing in cryptocurrencies.
