MAGA Meme Coin Soars After Assassination Attempt on Donald Trump

IconCryptoNewsTerminal Staff15 Jul, 2024

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MAGA Meme Coin Soars After Assassination Attempt on Donald Trump

MAGA Meme Coin Surges Following Attempted Assassination of Trump According to Polymarket data, the probability of former U.S. President Donald Trump winning the November presidential election has increased following an assassination attempt on him, leading to a surge in the associated meme coin MAGA. MAGA, short for Trump's signature slogan 'Make America Great Again', is an Ethereum-based meme coin. MAGA spiked by 27% after the shooting incident and at one point surged by 81%. The gains have since stabilized. At the time of writing, MAGA is trading at $8.17, up 11.49%, according to CoinMarketCap. Meanwhile, Polymarket users are giving Trump a 72% chance of winning the election, compared with 18% for Biden. This significant increase in Trump's chances has fueled speculation that he may win the election, leading to a surge in the value of MAGA. It is important to note that this article is for informational purposes only and should not be construed as investment advice.

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