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Meme coins rally on the back of Donald Trump’s failed assassination
Donald J. Trump at his campaign rally in Butler, Pennsylvania. Credits: BBC
- Meme coins rally after Donald Trump’s attempted assassination with Trump (MAGA) leading the pack.
- DJT also spiked and Bitcoin breached $60,000 for the first time in weeks.
- The shooter appeared in a commercial for crypto-friendly asset manager BlackRock.
Meme coins started to surge merely minutes after US presidential candidate Donald Trump survived an assassination attempt during a campaign rally in Pennsylvania.
MAGA (TRUMP) has seen an increase of over 50% in the past 24 hours. DOGE and SHIB have increased by 2% and 1% respectively, but TRUMP remains the best performer as things stand.
TrumpCoin (DJT), the meme coin Martin Shkreli allegedly created for Trump and his son Barron, has also increased by nearly 6% in the past twenty-four hours.
There has been a long flurry of new meme coins too, inspired by the shooting. People on Twitter are fueling the rumors that Joe Biden was the one who ordered the hit on Trump, based on his comments about putting him in a bullseye a few days ago.
Biden, for his part, said he is happy Trump survived in his official statement. He said he was praying for him and everyone else who was affected by the incident.
Bets on Trump winning the election surged to 70% on Polymarket while Biden’s are at 16%. Interestingly, the crypto community found out that the shooter, Matthew Crooks, was featured in a BlackRock commercial last year.
BlackRock is a crypto-friendly company that has launched its own spot Bitcoin ETF. BTC itself has seen an over 2% increase since the shooting. It briefly touched the key resistance level of $60. It was worth $59,709 at press time.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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