Over the last 48 hours, following an assassination attempt on former President Donald Trump, there has been a predictable surge in the price of Trump-themed meme coins.

This article examines the sharp rise in Trump coin valuations and looks to see which coin is next to watch

Across the meme coin market, Trump coins (which are coins name-linked to Trump, MAGA, Barron, or anything else in Donald’s sphere of influence) have exploded in a flurry of quick-fire gains – that have netted investors financial index-beating returns almost instantly.

Trump Assassination Rally: Trump Coins EXPLODE Overnight – What’s Going on In the Meme Coin Market?

Following Thomas Matthew Crooks’ failed assassination attempt, meme coin markets haven’t skipped a beat as retail interest raced into the emerging trades.

Leading the pack at hot #1 on DEXtools is the legendary ERC-20 meme coin ‘MAGA’ – which represents probably the most prominent Trump coin in the crypto space at a current $80M market cap.

MAGA token produced a +50% return for investors, with gains limited by the already significant market cap – despite the influx of multi-million volumes.

However, this is just the start. Another Trump coin still riding high on DEX markets, currently ranked #9 on DEXTools ‘Hot Coins, is the ERC-20 TRUMP token.

Sat at an even higher market cap (currently $370M) than its rival MAGA token, it’s all the more remarkable that TRUMP token managed to outperform with a +70% move almost instantly after Thomas Matthew Crooks launched his attack.

Shifting attention away from Ethereum to Solana – the real hub of activity in the 2024 market environment – Martin Shkreli’s infamous DJT token dominates volumes, with a remarkable surge back to Hot #1 in Solana on DEXTools.

Firing out of capitulation positioning, this supposedly Barron-backed coin also mounted impressive gains in the aftermath of the Trump attack – with a +20% move that is still holding strong despite retracement in other Trump coins.

#trump #tradinginsight #djt #binance