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Altcoins Surge Following Attempted Assassination of Trump

Altcoin prices surged after a recent assassination attempt on Donald Trump, reflecting the crypto market's reaction to political events. Learn how altcoins like MAGA, Super Trump, and others responded to this incident.

1 min 25 secJuly 14, 2024
Altcoins Surge Following Attempted Assassination of Trump

Altseason may finally be here delighting crypto traders. Recent events surrounding Donald Trump send shockwaves through the altcoin market. How has the crypto scene reacted to the attempted assassination of Trump? What are the implications for altcoin prices?

 

The attack on Trump, known for his Ethereum holdings, led to a dramatic rise in altcoin prices. Trump’s slight ear injury was enough to trigger a surge. This reflects investors' sympathy for his pro-crypto stance. His censorship during previous elections and Musk's takeover of X (formerly Twitter) have further rallied support.

 

 

 â€śCryptocurrencies have become a refuge for those excluded by the traditional system,” a crypto analyst notes.

Trump’s upcoming Bitcoin conference attendance and anti-Biden rhetoric have only intensified investor interest. Among the altcoins benefiting from this is PolitFi. Also, MAGA (TRUMP) saw a 30% price increase and 900% volume spike post-attack. 

 

Here are some standout statistics:

 

NEVER SURRENDER TRUMP: +330%, market value of $1.3 million

Super Trump Coin: +36%

 

Meme coins linked to Trump also surged. The MAGA (TRUMP) coin jumped nearly 58% Trading at $9.88 it has a market cap of $450 million and a 24-hour volume of $37.4 million. Over seven days, MAGA’s value rose by 57.3%. However, it remains 24% lower than a month ago.

 

 

Super Trump (STRUMP) soared by 51%. It is currently trading at $0.01296. Its market cap is $30.6 million, with a 24-hour volume of $4.1 million. STRUMP’s seven-day gain is 50% but it’s still 30% lower than its price a month ago.

The MAGA Hat token (MAGA) rose by 35.7%, now priced at $0.0002451. It has a market cap of $96.2 million and a 24-hour volume of $100 million.

 

Finally, MAGA VP (MVP) saw a modest 6.5% increase. It is trading at $0.2585. Its market cap is $11.3 million, with a 24-hour volume of $1.5 million.

 

In conclusion, the recent altcoin fluctuations triggered by Trump’s assassination attempt may mark the beginning of a new altseason. The crypto community remains vigilant to upcoming political and economic developments. They are anticipating further market movements.

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