Trump's Crypto Wallet Surges Amid Legal Verdict

Donald Trump's cryptocurrency wallet surged to $14 million following a New York jury's verdict finding him guilty of 34 counts of falsifying business records.

His largest holding, the Maga Memecoin ($TRUMP), experienced significant volatility. After the verdict, $TRUMP dropped from $13.50 to $11.20 before soaring to $17.50, marking a 26.92% increase in 24 hours, according to CoinMarketCap.

Other meme coins linked to Trump and the Republican Party also saw increased volatility. Supporters viewed the ruling as political persecution aimed at preventing him from winning elections. Trump, a known supporter of cryptocurrencies, has begun accepting them for campaign contributions and fundraising.

Meanwhile, on Polymarket, a blockchain-based betting platform, the wager "Trump in jail before election day?" has attracted over $900,000, with bettors estimating a 16% chance of imprisonment before November 5.