The Trump-themed Meme coin is falling, with TRUMP down nearly 25%

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Bitget2024/05/30 23:18

Media reports that after former U.S. President Donald Trump was convicted of 34 serious charges in the "hush money" case, the price of Trump-themed meme coins plummeted significantly. MAGA (code TRUMP), the largest market cap Trump-themed meme coin, plunged from $15 before the verdict to $11.27, a drop close to 25%. Other related currencies such as MAGA Hat (code MAGA), Super Trump (code STRUMP) and MAGA VP (code MVP) also fell by 16% to 22% respectively. Meanwhile, shares of Trump Media Technology Group (DJT) fell by 9% in after-hours trading on NASDAQ. The price of Jeo Boden (code BODEN), a meme coin related to current President Joe Biden who is competing with Trump, rose by 12% within an hour. Market volatility is high; please manage your risk well.

After the verdict, Trump denied all allegations and claimed that the trial was "manipulated". This is the first time in American history that a president has been convicted of serious crimes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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