Donald Trump-Related Meme Coins Skyrocket After Shooting Incident

Former US President Donald Trump experienced a dramatic incident of assassination attempt during a campaign event in Pennsylvania on Saturday.

While reports say Secret Service agents quickly evacuated Trump from the venue, this incident has caused a stir among the public, including the crypto community.

Trump-Related Meme Coins Surge Post-Attack

Trump’s rally in Butler suddenly turned chaotic after the presumptive Republican candidate was hit in the back of the head, with a bullet piercing the upper part of his right ear, causing significant bleeding. Amidst the chaos, Secret Service agents rushed to Trump’s aid, escorting him off the stage and transporting him to a local medical facility.

Despite the severity of the situation, Trump managed to pump his fist in a defiant gesture to the crowd as he was led to his motorcade. The incident resulted in the death of one rally attendee and the suspected gunman, with two other spectators critically injured.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Following the assassination attempt, Steven Cheung, Trump’s spokesman, confirmed that Trump was “doing well” and being examined. Trump also took to his Truth Social page to express his gratitude to the US Secret Service and all law enforcement for their swift response.

“Most importantly, I want to extend my condolences to the family of the person at the Rally who was killed, and also to the family of another person that was badly injured. It is incredible that such an act can take place in our Country. […] I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening. God bless America!” he stated.

The attack on Trump elicited strong reactions from public figures. Elon Musk, CEO of Tesla and SpaceX, publicly expressed his support for Trump. Musk stated his hope for the former president’s speedy recovery.

President Joe Biden also responded to the incident. He condemns the violence as “sick” and expresses gratitude that Trump had been swiftly evacuated.

Interestingly, the crypto market has reacted to Trump’s assassination attempt. Several Trump-related meme coins have remarkable increases in their value.

For instance, the MAGA (TRUMP) meme coin skyrocketed from $6.31 to $9.68 before stabilizing at $7.90. Similarly, the Doland Tremp (TREMP) meme coin experienced a significant rise, doubling in value from $0.38 to $0.76.

Trump’s Shifting Crypto Views Spark Debate

Trump’s candidacy for the upcoming November election has garnered significant attention from the crypto community. This is largely due to his recent support for the industry. Data from the prediction market platform Polymarket indicates that Trump’s chances of winning have risen to 70%, while Biden’s likelihood is just 16%.

Read more: How Can Blockchain Be Used for Voting in 2024?

However, it is important to note that Trump’s stance toward cryptocurrencies has evolved over time. BeInCrypto reported that in July 2019, Trump openly criticized Bitcoin and other digital currencies, labeling them as “not money” and highlighting their volatility. This raises questions about his sincerity and potential policy changes that might follow.

In a recent blog post, Arthur Hayes, founder of crypto exchange BitMEX, offered a critical perspective on Trump’s shifting position. Hayes suggested that Trump’s newfound support is politically motivated, aiming to attract the young, politically active, and financially influential crypto voter base in key swing states.