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TRUMP, STRUMP, MAGA, MVP: How meme coins reacted after shooting at Ex-President’s rally

Jul 15, 2024 #仮想通貨
TRUMP, STRUMP, MAGA, MVP: How meme coins reacted after shooting at Ex-President’s rally

The article examines the reaction of Trump-themed meme coins following the shooting incident at a rally for former President Donald Trump, highlighting significant price movements and market dynamics.

Points

  • Trump-themed meme coins saw substantial price increases following the incident.
  • MAGA (TRUMP) coin surged by nearly 58%, trading at $9.88 per unit.
  • Other coins like Super Trump (STRUMP) and MAGA Hat also experienced significant gains.

Following a shooting incident at a rally for former President Donald Trump in Butler, Pennsylvania, Trump-themed meme coins experienced notable price surges. The incident, which resulted in injuries to Trump and fatalities among attendees, had a significant impact on the market for these niche cryptocurrencies.

MAGA Coin

Among the biggest gainers was the MAGA (TRUMP) coin, which surged by nearly 58%, trading at $9.88 per unit. The token’s market cap reached $450,128,557, with a fully diluted valuation of $446,326,440. Its 24-hour trading volume hit $37,436,858, reflecting heightened investor interest.

Super Trump (STRUMP) also saw a significant increase, rising 51.2% to trade at $0.01296. Key metrics for STRUMP included a market cap of $30,624,792 and a 24-hour trading volume of $4,131,626.

MAGA Hat token experienced a 35.7% jump, driven by heightened investor interest, now priced at $0.0002451. Its market cap stood at $96,248,672, with a 24-hour trading volume reaching an extraordinary $100,043,133.

Lastly, the MAGA VP (MVP) meme coin saw a more modest 6.5% increase, trading at $0.2585. Its market cap rose to $11,334,535, with a fully diluted valuation of $12,113,003. The 24-hour trading volume was $1,499,933.

Super Trump Coin

In the wake of the shooting, prediction markets also reacted. On Polymarket, an Ethereum-based platform, Trump’s odds of winning the upcoming election rose from 60% to 70%. Conversely, President Joe Biden’s reelection chances fell from 30% to 16%, while Vice President Kamala Harris’s chances dropped to 8%.

On June 14, Trump declared his intention to support the crypto industry, arguing that the U.S. must maintain its leading position in the sector. This declaration has further fueled interest in Trump-themed meme coins, reflecting the intersection of political events and market dynamics.

解説

  • MAGA (TRUMP) Coin: The significant price surge indicates strong investor sentiment following the rally incident. The increase in market cap and trading volume underscores the coin’s potential in politically charged environments.
  • Super Trump (STRUMP): The substantial rise in STRUMP’s price and market cap highlights its sensitivity to political events and investor interest in Trump-themed assets.
  • MAGA Hat Token: The jump in price and trading volume reflects the heightened interest in meme coins linked to Trump, demonstrating their volatility and potential for rapid gains.
  • MAGA VP (MVP) Coin: Although its increase was more modest, the rise in market cap and trading volume suggests a growing investor base, influenced by the political climate and market sentiment.