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Trump survives shooting incident at Pennsylvania rally, crypto markets react
Photo by Watcher Guru on X.
Main conclusions
- Donald Trump was attacked at a rally in Pennsylvania but emerged unharmed.
- Following the attack, the price of the TRUMP (MAGA) memecoin rose 42%.
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Former President Donald Trump was the target of a shooting at a campaign rally in Butler, Pennsylvania. The incident occurred shortly after Trump began speaking, prompting immediate security action. Cryptocurrency markets saw significant movement following the news.
Several gunshots were heard at the outdoor event, prompting Trump’s security team to quickly surround him. Armed officers took up defensive positions in front of the stage as Trump crouched below the podium. The U.S. Secret Service then escorted Trump to a waiting vehicle.
As he was being removed from the scene, Trump repeatedly raised his fist to the crowd and shouted, signaling that he was unharmed. However, images later emerged on social media appearing to show Trump with blood on his right ear and the right side of his face. CNN reported that Trump suffered injuries, but did not provide further details about their nature or severity.
Following the incident, cryptocurrency markets saw notable price action. The Solana TRUMP (MAGA) memecoin surged 42% in value within minutes of the news breaking. Bitcoin also surged, surpassing the $59,000 mark. This market reaction highlights the growing intersection between political and economic events and cryptocurrency price movements.
The shooting comes amid Trump’s recent embrace of cryptocurrencies as part of his 2024 presidential campaign, with major crypto companies and figures promising support.
Notably, however, not everyone in crypto supports Trump, who is now a convicted felon. Arthur Hayes, co-founder of BitMEX, recently published a criticism from Trump’s pandering to cryptocurrencies, comparing his distrust to Malcolm X’s comments in the 1964 US presidential race, and how politicians only support issues and topics based on their chances of getting votes.
“I, like Malcolm in 1964, doubt Trump’s sincerity. He cares about getting elected and will say whatever it takes to get your vote. If Biden and the Democrats were pro-crypto, Trump would be anti-crypto. It’s just good politics,” Hayes said.
Trump has promised to ease cryptocurrency regulations if he is re-elected, and the Republican National Committee has adopted a pro-crypto platformEarlier this month, former President Donald Trump confirmed his participation as a speaker at a Bitcoin conference in Nashville, emphasizing his support for the cryptocurrency industry.
The incident could further rally support among crypto-enthusiast voters while also raising concerns about security at political events in an increasingly polarized election season.
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