Donald Trump memecoin spikes 52% following assassination attempt
Trump’s election odds on prediction markets and several other Trump-themed memecoins soared following an assassination attempt on the former president while he was speaking on stage at a rally in Butler, Pennsylvania.
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Donald Trump memecoin spikes 52% following assassination attempt
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The price of the largest Donald Trump memecoin, MAGA (TRUMP), surged more than 30% following an assassination attempt on the former United States president while he was speaking on stage at a rally in Butler, Pennsylvania.
The Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes, according to DexScreener data.
The price of MAGA memecoin soared following an attempt on the life of the former president. Source: DexScreener
The price of several other Trump-themed memecoins also rallied on the news.
Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while another memecoin dubbed MAGA Hat (MAGA) briefly spiked 21% within the same timeframe.
Trump was speaking on stage at a July 13 rally in Butler, Pennsylvania, when several shots were fired from an unknown direction.
Trump clutched his ear as the shots sounded, dropping to the ground as US Secret Service agents rushed to protect him.
While being whisked off the stage by his security detail, Trump asked them to pause while he raised his fist and shouted toward the crowd.
