Several meme tokens surged in value by double digits following an assassination attempt on former U.S. President Donald Trump.
Trump hurt in Pennsylvania shooting
The meme coin market has seen significant gains in tokens linked to Trump. The dramatic price movements come in the wake of the recent shooting incident in Pennsylvania involving Trump.
His campaign confirmed that the Republican presidential hopeful is “doing well” despite the attack, which pierced the upper part of his right ear.
Furthermore, authorities confirmed that at least two people, including the shooter, were killed. Others are reportedly wounded.
However, as it often does, the crypto market reacted to the news, with several meme coins playing on the Trump name and his Make America Great Again (MAGA) movement soaring by double figures.
MAGA skyrockets 58%
Among the biggest gainers following the incident was the MAGA (TRUMP) coin, which, at the time of writing, was up nearly 58% and trading at $9.88 per unit.
MAGA 24-hour price chart | Source: CoinGecko
The token’s market cap stands at a robust $450,128,557, with a fully diluted valuation of $446,326,440. Its 24-hour trading volume is equally noteworthy, hitting $37,436,858.
The price surge is evident across several other time frames. Over seven days, MAGA’s value has gone up 57.3%, while it has jumped by a more modest 38% in the last fortnight. However, it is still about 24% lower than a month ago.
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Super Trump jumps 51%
Another Trump-themed meme coin that went green in the aftermath of the Pennsylvania incident is Super Trump (STRUMP). The meme coin is currently up 51.2% and is trading at $0.01296. Key metrics include:
BTC Value: 0.062151 BTC, up 45.6%
ETH Value: 0.054031 ETH, up 47.5%
24h Range: $0.008571 – $0.01308
Super Trump 24-hour price chart | Source: CoinGecko
The coin has a market cap of $30,624,792, and its fully diluted valuation matches this figure. Its 24-hour trading volume is $4,131,626, and the circulating supply is 2,339,600,235.
Those who have held the coin for at least seven days have seen its value increase by 50%, while over two weeks, the price improvement is significantly lower at 4.3%.
However, over the past 30 days, the current price of STRUMP has remained in the red, nearly 30% lower than its level a month ago.
MAGA Hat up 35%
The MAGA Hat token (MAGA) also saw a significant jump of 35.7%, driven by heightened investor interest in the wake of the Trump shooting. It is now priced at $0.0002451.
MAGA Hat 24-hour price chart | Source: CoinGecko
With a market cap of $96,248,672 and a fully diluted valuation of $96,964,134, MAGA’s trading volume over the past 24 hours has reached an extraordinary $100,043,133 as the frenzy following the Trump shooting continued unabated.
Its circulating supply is also substantial, standing at 410,290,333,126, which nearly matches its total and maximum supply figures.
MAGA VP increases 6.5%
Finally, the MAGA VP (MVP) meme coin saw a more modest 6.5% increase and is now trading at $0.2585. Details include:
BTC Value: 0.054232 BTC, up 1.8%
ETH Value: 0.00007933 ETH, up 3.2%
24h Range: $0.2313 – $0.2651
MAGA VP 24-hour price chart | Source: CoinGecko
The coin’s market cap has risen to $11,334,535, and its fully diluted valuation now stands at $12,113,003.
The price uptick was accompanied by a 24-hour trading volume of $1,499,933, pushing the MVP token’s circulating supply to 44,447,310 out of a total supply of 47.5 million.
MVP’s value has increased by 0.7% over seven days, while over two weeks, it is a more respectable 8.5%.
Still, like the other meme coins above, MVP’s 30-day price change is negative, being 26.3% lower than previous levels despite the prevailing political climate.
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