The TRUMP token sank after the former US president was found guilty in New York

Donald Trump's guilty verdict by a jury is more than just bad news for the former US president: the announcement also sent shockwaves through owners of the TRUMP meme coin.

After the verdict, the token fell by 35%. Meanwhile, Jeo Boden, a meme coin inspired by President Joe Biden, soared 20%.

On Thursday, a New York jury found Trump guilty on all 34 counts. He was accused of falsifying business documents. He is the first US president to be convicted of a felony.

On Polymarket, a blockchain-based prediction market, traders nevertheless continued to expect Trump to beat Biden in the November election. Trump is well ahead - with a 56% chance of winning against Biden's 38% - even after the verdict.#binance #Bitcoin #tramp $SOL $SOL