TRUMP Meme Coin Soars After Attack on Former US President

Following the assassination attempt on former President Donald Trump, the meme token associated with his name, maga (TRUMP), jumped over 40% against the U.S. dollar. The token experienced a wide intraday trading range, fluctuating between a low of $6.18 per coin and a 24-hour high of $9.68. At 8:30 p.m. EDT on Saturday, several hours after the shooting, TRUMP was trading at $8.91 per coin. Trump owns 579,290 coins after the project’s creators airdropped the funds to him. This stash recently increased by $1.6 million, making it now worth $5.25 million. By 8:44 p.m., TRUMP was up 33% at $8.35 per token. This recent development is expected to influence the 2024 election, where Trump is set to face off against incumbent President Joe Biden.