Former President Donald Trump survived a second suspected assassination attempt, causing a significant drop in political meme coin prices. Following the first attempt, meme coins like TREMP, TRUMP, and MAGA saw substantial increases. However, after the recent incident, TREMP fell by 5%, TRUMP by 19%, and MAGA by 1%. This decline has raised concerns about the correlation between meme coin values and real-world events. While some coins reacted unpredictably, others like FIGHT and PTRUMP showed mixed results. Political meme coins are considered 'event coins,' heavily influenced by upcoming elections or significant occurrences. Traders believe that these coins may lose relevance post-election, leading to decreased interest. Additionally, large meme coins are believed to be controlled by 'whales' who exploit such events for profit. Despite the recent assassination attempt, Trump's odds of winning the election remain unchanged. The incident, while less publicized than the first attempt, failed to generate the same level of excitement among traders. Read more AI-generated news on: https://app.chaingpt.org/news