Markets
TRUMP and MAGA coins surge after former president shot at rally
Several meme tokens have surged in value by double digits following an assassination attempt on the former US president Donald Trump.
Trump injured in Pennsylvania shooting
The meme coin market has seen significant gains in Trump-linked tokens. The dramatic price movements come in the wake of the recent shooting incident in Pennsylvania involving Trump.
His campaign confirmed that the Republican presidential candidate is “fine” despite the attack, which pierced the top of his right ear.
Additionally, authorities confirmed that at least two people, including the shooter, were killed. Others are reportedly injured.
However, as is often the case, the cryptocurrency market reacted to the news, with several meme coins playing on the name Trump and his Make America Great Again (MAGA) movement reaching double-digit numbers.
MAGA shoots up 58%
Among the biggest gainers following the incident was the MAGA (TRUMP) coin, which at the time of writing was up nearly 58% and trading at $9.88 per unit.
MAGA 24-hour price chart | Source: CoinGecko
The token’s market cap stands at a robust $450,128,557, with a fully diluted valuation of $446,326,440. Its 24-hour trading volume is equally notable, reaching $37,436,858.
The price increase is evident on several other time frames. In seven days, MAGA’s value has risen by 57.3%, while it has jumped a modest 38% in the past two weeks. However, it is still down about 24% from where it was a month ago.
Super Trump jumps 51%
Another Trump-themed meme coin that turned green after the Pennsylvania incident is Super Trump (STRUMP). The meme coin is currently up 51.2% and is trading at $0.01296. Key metrics include:
- BTC value: 0.062151 BTC, up 45.6%
- ETH Value: 0.054031 ETH, up 47.5%
- 24h Range: $0.008571 – $0.01308
The coin has a market cap of $30,624,792, and its fully diluted valuation matches that figure. Its 24-hour trading volume is $4,131,626, and the circulating supply is 2,339,600,235.
Those who held the coin for at least seven days saw its value increase by 50%, while over two weeks, the price improvement was significantly smaller at 4.3%.
However, over the past 30 days, the current STRUMP price has remained in the red, down nearly 30% from last month’s level.
MAGA hat up 35%
The MAGA Hat token (MAGA) also saw a significant jump of 35.7%, driven by increased investor interest following the Trump shooting. It is now trading at $0.0002451.
With a market cap of $96,248,672 and a fully diluted valuation of $96,964,134, MAGA’s trading volume over the past 24 hours has reached an extraordinary $100,043,133 as the frenzy following Trump’s shooting continues unabated.
Its circulating supply is also substantial, coming in at 410,290,333,126, which nearly matches its total and maximum supply numbers.
MAGA VP increases 6.5%
Finally, the MAGA VP (MVP) meme coin saw a more modest 6.5% increase and is now trading at $0.2585. Details include:
- BTC value: 0.054232 BTC, up 1.8%
- ETH Value: 0.00007933 ETH, up 3.2%
- 24h Range: $0.2313 – $0.2651
The coin’s market cap has risen to $11,334,535, and its fully diluted valuation now stands at $12,113,003.
The price increase was accompanied by a 24-hour trading volume of $1,499,933, bringing the circulating supply of the MVP token to 44,447,310 out of a total supply of 47.5 million.
The MVP value is up 0.7% in seven days, while in two weeks, it is a more respectable 8.5%.
Still, like the other meme coins above, MVP’s 30-day price change is negative, being 26.3% lower than previous levels, despite the prevailing political climate.