MAGA

A failed assassination attempt on Donald Trump has sent shockwaves through crypto markets. The incident occurred during a rally in Butler, Pennsylvania on July 13, and now memecoins are the first to react to this. Trump-themed memecoins saw significant price surges. MAGA (TRUMP) token jumped 52% in under an hour. Its market cap shot up from $293 million to $469 million. Someone is already cracking jokes on why don't we shoot them more often, though, of course, that sounds pretty rough. Other Trump-related tokens also rallied. Tremp (TREMP) spiked 63%. MAGA Hat (MAGA) briefly rose 21%. Prediction markets reacted swiftly. Trump's odds of winning the 2024 election increased from 60% to 68% on Polymarket. Biden's chances dropped from 30% to 15%. Right-wing warriors rejoice and call to arms, democrats are mostly silent, as if they already know the loss is inevitable. Trump now leads with a 70% chance of victory. Biden trails at 15%, with Kamala Harris at 9%. As for the crypto market, Trump is seen as a rather positive force, at least now. He previously called Bitcoin a "scam". Now he's promising to end the "war on crypto" if elected. He even went as far as to promise new bright future for Bitcoin mining, and claimed every last Bitcoin must be mined in the U.S. to be 'made in the USA'. Recent surveys show crypto's growing political influence. One in three US voters consider candidates' crypto positions. Another poll found 48% of crypto owners backing Trump, versus 39% for Biden.

An unknown whale makes a whopping $3.7 million profit on TRUMP token. He somehow knew when to sell right before the price went down. According to data from Lookonchain, whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours. A total profit on their investment including previous sales was over $3.7 million. Not bad for a current market sell-off amid the scandals around Donald Trump meme coins. Analysts note that the unknown whale still has loads of TRUMP tokens in their wallet. At the time of writing his holdings were worth $372,000. But the mysterious investor has interests far beyond ex-presidents meme coins. He also holds the BasedAI (BASEDAI) token, worth $921,000. The TRUMP token fell over 30% in the last 24 hours to trade at $7.88. One of the reasons Trump-related tokens started falling was the rumor that Trump has launched an official mem coin by himself. According to these rumors the token is run on Solana blockchain. Trump’s 18-year-old son, Barron, was managing the token under the name TrumpCoin (DJT). Be it as it may, there is no credible evidence DJT was actually launched by any of the Trumps. There is no official confirmation from ex-president's team. Well established blockchain data firm Bubblemaps is pretty confident on the information that DJT isn’t linked to Trump directly. As presidential election day is approaching, both candidate fuel more crypto debates on crypto. While Biden stays pretty aggressive towards cryptocurrencies, Trump now claims himself a 'Bitcoin president' and promises bright future for bitcoin miners. Launching an official meme coin might be in line with this statements.