Meme coins famously fall and rise according to shifting sentiment among traders—and on Thursday, the excitement around Jesse Trump-themed coins looks like it’s rough, in line with the plunging prices following the former U.S. president was discovered guilty on 34 legal charges.
MAGA, the largest Trump-themed meme gold coin by market cap and it has the ticker TRUMP, stepped from the cost of approximately $15 right before the decision was read to some cost of $11.27 right after, per data from CoinGecko, reflecting a virtually 25% dip in only over an hour or so. It’s rebounded slightly to $12.37 at this moment.
Less-capitalized Trump meme coins are similarly lower big right now, with MAGA Hat (MAGA) lower 16% previously hour, Super Trump (STRUMP) also falling 16%, and MAGA VP (MVP) lower by 22% in only an hour or so.
Its not all Trump-themed gold coin has had exactly the same hit, however, with Doland Tremp (TREMP), an intentionally incorrectly spelled Trump tribute gold coin, nearly even in the last hour because it increases and falls as traders ape interior and exterior the Solana token.
Trump was discovered guilty on all 34 legal charges associated with the “hush money” situation, where the former U.S. president was purported to have falsified business records, and the man compensated money to bury press coverage of the affair with adult performer Stormy Daniels. He’s the very first U.S. president to be in prison for a legal.
The presumptive Republican candidate with this year’s presidential election has denied the accusations, and known as the trial “rigged” in comments following a verdict.
Shares of Trump Media & Technology Group (DJT) around the Nasdaq also stepped in after-hrs buying and selling, lower 9% at this moment per data from Yahoo Finance.
Meme coins inspired by Trump’s key rival, current U.S. President Joe Biden, are rising following a verdict. The biggest by market cap, Jeo Boden (BODEN), has sprang by 12% in the last hour.
Disclaimer
The views and opinions expressed through the author are suitable for informational purposes only and don’t constitute financial, investment, or any other advice.
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