Donald Trump Memecoin MAGA Price Soars 64% Following Assassination Attempt
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In a remarkable turn of events, the price of the MAGA (TRUMP) memecoin skyrocketed 64% following an assassination attempt on former President Donald Trump. The memecoin surged from $6.31 to $10.36, pushing the total market capitalization of the coin from $293 million to $469 million within 30 minutes, according to a report from Fast Company.
Trump's Crypto Endorsement Boosts Memecoin
The incident occurred amidst Trump's recent embrace of cryptocurrencies. Earlier this week, Trump's campaign announced it would accept donations in major cryptocurrencies like Bitcoin, Ether, Dogecoin, and Shiba Inu. This endorsement has significantly influenced the memecoin's recent performance, a report from the Fast Company.
MAGA Memecoin Rise 64% amid the Assasination Attempt
The MAGA memecoin, despite not being officially affiliated with Trump, has seen a notable increase in interest and trading volume, often spiking in response to major events related to Trump. The coin's trading volume increased by 620% over the past 24 hours, reflecting the heightened activity and speculation in the market.
The token jumps 64% after the assassination attempt and is currently trading at $8.7. Analysts advise caution for investors of the memecoin, which is usually speculative and volatile.
Trump's Election Odds Soar to 70% on Polymarket
Speculators on the Ethereum-based prediction market Polymarket were quick to place their bets as well, with Trump's odds of clinching a victory in the upcoming election jumping from 60% to 68% immediately following the assassination attempt, per Polymarket data.
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