TRUMP-Related Meme Coins Plunge Following Assassination Attempt
Former President Donald Trump survived a suspected assassination attempt over the weekend. But this time, political meme coins associated with the Republican candidate have seen a sharp drop this week, leaving many investors wondering about the relationship between meme coin price movements and related news events.
Following the first assassination attempt on Trump, Solana meme coin TREMP soared 71% in just 24 hours, while TRUMP gained 39% and MAGA also edged up 33%. In contrast, in the past 24 hours, TREMP has fallen 5%, TRUMP has lost 19%, and MAGA has only seen a small 1% drop since the attack on Sunday. Data from CoinGecko suggests the weekly losses are even greater.
This has sparked a debate about whether political meme coins are losing their appeal as the US presidential election approaches.
“An event like this should have triggered a massive buying frenzy, but no one was interested,” said anonymous trader Bastille. “[I think] it’s just a sign that retail interest in an oversaturated market is waning.”
