After former US President Donald Trump was convicted of 34 felonies in the "hush money" case, the price of Trump-themed meme coins fell sharply. MAGA (code TRUMP), the largest Trump-themed meme coin by market value, plummeted from $15 before the verdict to $11.27, a drop of nearly 25%. Other related coins such as MAGA Hat (code MAGA), Super Trump (code STRUMP) and MAGA VP (code MVP) also fell by 16% to 22%, respectively.
Meanwhile, shares of Trump Media & Technology Group (DJT) fell 9% in after-hours trading on Nasdaq. The price of Jeo Boden (code BODEN), a meme coin related to current President Joe Biden, who is competing with Trump, rose 12% in an hour. The market fluctuates greatly, please do a good job of risk control.