The price of several Donald Trump memecoins has skyrocketed in recent hours after the former US president and Republican presidential candidate survived an assassination attempt. Trump, who has publicly declared support for digital assets in recent times, has continued to remain the center of attention in the crypto ecosystem, especially with the US elections scheduled for November.
Donald Trump’s memecoins react positively to failed attack
Several videos circulated on July 13 showing Donald Trump collapsing to the ground amid gunfire while delivering a speech at a campaign rally in Butner, Pennsylvania. The wounded former US president was quickly treated by US Secret Service agents who quickly escorted him off the rally stage.
In response to this event, memecoins based on Donald Trump’s image and personality saw significant price gains.
According to DexScreener data, The MAGA token (TRUMP/WETH), based on the Ethereum blockchain, rose from $6.17 to $10.46 following the news of this development. Donald Tremp (Tremp/SOL) created on the Solana network increased from $0.39 to $0.84, indicating a price increase of 132.35%.
In addition to the price effects on existing tokens, there has also been a rapid creation of many other Donald Trump-themed memecoins with notable price gains. Notably, there is the Solana-based meme Let’s make our ears great again (MEGA/SOL) which produced a gain of 30,982% in the last few hours.
Trump Comments on Recent Shooting
Meanwhile, Donald Trump has released a statement on the incident detailing his traumatic experience. The former US president posted on his own social media platform Truth Social:
I was shot through the top of my right ear. I knew immediately that something was wrong, I heard a whistling sound, gunshots, and immediately felt the bullet tear through the skin. There was a lot of bleeding, so I knew what was happening. GOD BLESS AMERICA!
The Republican presidential candidate also confirmed that the shooter had been neutralized, although his identity, among other things about the person, remains unknown. According to data from the Polymarket election prediction siteTrump’s chances of winning the US presidential election have now reached 70% after his failed assassination attempt.
Trump, who has been a vocal proponent of cryptocurrency in recent weeks, has garnered some support within the crypto space, marked by large donations from key figures such as Jesse Powell, Kraken Co-Founder and the Winklevoss twins, founders of the Gemini exchange. However, other popular people, including the founder of BitMEX Arthur Hayes Exchange, remain critical and suspicious of the “sudden” adoption of digital assets by politicians.
Featured image from The New York Times, chart from Tradingview
