Trump-themed meme coins, including MAGA (TRUMP), Super Trump (STRUMP), and MAGA VP (MVP), have suffered significant losses following Donald Trump's conviction on 34 felony charges. The MAGA coin saw a 25% drop within an hour, highlighting the volatility of meme coins and their sensitivity to news events. However, not all Trump-themed coins reacted similarly, with the Doland Tremp (TREMP) coin remaining relatively stable. Trump's conviction wiped out over $130 million from the MAGA coin's market cap in just 20 minutes. Robert F. Kennedy Jr. expressed approval of Trump's commitment to cryptocurrency at Consensus 2024, hoping President Biden will adopt a similar stance. The future of Trump-themed meme coins remains uncertain, with expected market volatility due to upcoming sentencing and further political developments.
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