Meme Coins React to Trump Shooting Incident: MAGA, STRUMP, and MVP Surge
Following an assassination attempt at a Pennsylvania rally, meme cryptocurrencies tied to Donald Trump, such as MAGA, STRUMP, and MVP, surged in value. Despite casualties, Trump's confirmed safety boosted investor interest, leading to substantial price increases in these tokens.
The cryptocurrency market witnessed substantial gains in several meme tokens associated with Donald Trump following an assassination attempt at a rally in Pennsylvania.
Trump's campaign confirmed his well-being despite sustaining a minor injury to his right ear during the incident, which also resulted in casualties including the shooter.
MAGA Token Skyrockets by 58%
Leading the surge was MAGA (TRUMP) coin, which soared by nearly 58% to reach $9.88 per unit at the time of reporting. The token boasts a robust market cap of $450,128,557 and a fully diluted valuation close to $446,326,440.
It traded an impressive $37,436,858 in the last 24 hours alone. Over seven days, MAGA's value increased by 57.3%, although it remains 24% lower compared to a month ago.
Super Trump (STRUMP) Jumps 51.2%
Another notable gainer was Super Trump (STRUMP), rising by 51.2% and currently trading at $0.01296. It holds a market cap of $30,624,792 with a similar fully diluted valuation. The coin saw a 24-hour trading volume of $4,131,626, with a circulating supply of 2,339,600,235 tokens.
Despite a recent gain, STRUMP's price remains down by nearly 30% over the past month.
MAGA Hat Token (MAGA) Surges 35.7%
The MAGA Hat token (MAGA) also experienced a significant increase of 35.7%, now priced at $0.0002451. It boasts a market cap of $96,248,672 and a fully diluted valuation nearing $96,964,134. MAGA's trading volume spiked to $100,043,133 within 24 hours, supported by a circulating supply of 410,290,333,126 tokens.
MAGA VP (MVP) Sees Modest 6.5% Growth
Lastly, MAGA VP (MVP) saw a more modest increase of 6.5%, trading at $0.2585. Its market cap rose to $11,334,535 with a fully diluted valuation of $12,113,003. The token traded $1,499,933 in the last 24 hours, with a circulating supply of 44,447,310 tokens. MVP's price has seen a 26.3% decline over the past month despite recent gains.
Bottom Line: The surge in these meme coins reflects heightened investor interest following the Trump shooting incident, underscoring the market's sensitivity to political events.
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