The post Trump Memecoin MAGA Soars 40% After Assassination Attempt; Pro-Crypto Campaign Gains Momentum appeared on BitcoinEthereumNews.com.

The U.S. political landscape took a dramatic turn with an attempt on former President Donald Trump’s life. The incident has had a tangible impact on the financial markets, including a notable surge in a Trump-themed memecoin. Political and crypto communities alike are buzzing with reactions, highlighting the interplay between politics and digital assets. A shocking assassination attempt on Donald Trump reverberates through both political and crypto communities, causing significant market shifts. Assassination Attempt on Donald Trump In a shocking development, an assassination attempt was made on former U.S. President Donald Trump. The attempt occurred on July 14th during a political rally in Pennsylvania. Trump, who has been a prominent figure in the upcoming elections, was addressing his supporters when gunfire erupted. Quick action by the Secret Service ensured that he was swiftly escorted off the stage, although he sustained minor injuries, notably on his left ear and head. Political and Crypto Community Reactions The news of the assassination attempt sent shockwaves not only through the political arena but also across the crypto community. Influential figures like crypto analyst Michael van de Poppe expressed profound concerns over the incident. On his social media, Poppe pointed out how the intersection of politics and crypto is becoming increasingly evident, suggesting that Bitcoin might now serve as a political statement given the current environment. Trump-Themed Memecoin MAGA Soars The assassination attempt had an immediate impact on the crypto market. Notably, the Trump-themed memecoin MAGA saw an incredible surge, climbing by 40.81% in a single day. Trading volumes for MAGA skyrocketed by 835.01%, reaching $39 million. As per Coinmarketcap, MAGA’s price hit $8.76, with its market capitalization soaring by 40% to $385 million. Trump’s Evolving Stance on Cryptocurrency Trump’s stance on cryptocurrency has notably softened in recent times. Once a vehement critic of digital currencies,…

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Filed under: News - @ July 14, 2024 11:14 am