Donald Trump Memecoin Spikes 52% Following Assassination Attempt..

The price of the largest Trump-themed memecoin $MAGA surged sharply following an assassination attempt on the former president while speaking on stage at a rally in Butler, Pennsylvania.

The Ethereum-based $MAGA memecoin (TRUMP) spiked rapidly from a price of $6.31 to $10.36 immediately following the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes, per DexScreener data.

Trump was speaking on stage at a July 13 rally in Butler, Pennsylvania when several shots were fired from an unknown direction in the crowd. 

Trump clutched his ear as shots sounded and dropped to the ground as his security detail rushed to protect him. ..

The price of several other Trump-themed memecoins also rallied on the news.

Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while the MAGA Hat (MAGA) token briefly spiked 21% within the same timeframe

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. 

Meanwhile, current President Joe Biden's predicted odds of nabbing an election victory fell in the same timeframe, falling from 30% to 15% in the last hour.

Trump, formerly a skeptic of cryptocurrencies — saying on several occasions that Bitcoin was “like a scam" — has changed his tune drastically on Bitcoin and other digital assets in recent months. 

On June 14, Trump declared he would bring an end to the Biden administration's "war on crypto" if elected President.