The price of several Donald Trump-themed meme coins has skyrocketed in recent hours after the former US president and Republican presidential candidate survived an assassination attempt. Trump, who publicly declared support for digital assets has continued to be a center of attention in the crypto ecosystem lately, especially with the US elections coming up in November.
Donald Trump Memecoins React Positively to Failed Attack
Several videos circulating on July 13 showed Donald Trump falling to the ground amid gunfire during a campaign rally speech in Butner, Pennsylvania. The wounded former U.S. president was quickly covered by U.S. Secret Service agents who quickly escorted him off the stage during the rally.
In response to this event, memecoins based on the image and personality of Donald Trump have risen significantly in price.
According to data from DexScreener, The MAGA token (TRUMP/WETH), based on the Ethereum blockchain, rose from $6.17 to $10.46 following the news of this development. Meanwhile, Donald temper (temp/SOL) Prices generated on the Solana network rose from $0.39 to a whopping $0.84, representing a 132.35% price increase.
In addition to the price effects on existing tokens, there has also been a rapid creation of many more Donald Trump-themed memecoins with notable price gains. Most notably, there is the Solana-based Make the ear great again (MEGA/SOL) which resulted in a gain of 30,982% in the past few hours.
Trump comments on recent shooting
Meanwhile, Donald Trump has released a statement on the incident, describing his traumatic experience. The former US president posted the following on his own social media platform Truth Social:
I was hit by a bullet that pierced the upper part of my right ear. I knew right away something was wrong because I heard a whooshing sound, shots, and immediately felt the bullet rip through my skin. There was a lot of blood loss, so that’s when I realized what was happening. GOD BLESS AMERICA!
The Republican presidential candidate also confirmed that the shooter has been neutralized, although the identity of the person and other details are still unknown. According to data from election prediction site PolymarketTrump’s chances of winning the US presidential election now stand at 70% after the failed assassination attempt.
Trump, who has been an outspoken advocate of cryptocurrencies in recent weeks, has garnered some levels of support within the crypto space, marked by large donations from key figures such as Kraken Co-Founder Jesse Powell and the Winklevoss twins, founders of the Gemini Exchange. Other popular figures, including the founder of BitMEX exchange Arthur Hayes, remain critical and suspicious of the ‘sudden’ embrace of digital assets by politicians.
Main image from The New York Times, chart from Tradingview