The attempted assassination attempt on Donald Trump spread like wildfire across the media world. It should come as no surprise that such a significant media and political event also influenced the behavior of memecoins related to the US elections. The last quarter saw huge popularity of memecoins on the Solana blockchain, which is why the failed assassination attempt at Donald Trump’s election rally heated up investors’ emotions to the red.
Trump’s Assassination Attempt Caused Market Madness – US Election-Related Memecoin Behavior
The election campaign in the United States has entered a completely new level of political escalation. On Saturday, July 13, at a campaign rally organized in the town of Butler (Pennsylvania), there was an unsuccessful assassination attempt on the life of the presidential candidate. Donald Trump narrowly escaped death at the hands of the 20-year-old assassin. At the last moment, he turned his head, thanks to which the bullets grazed his ear. Some simulations show that the slight movement of Trump’s head caused the assassin’s bullet to cut his ear, instead of being lodged in the back of the head.
The news of the failed attack spread like wildfire across traditional media and social media, and the iconic images of Donald Trump waving his fist in triumph against the backdrop of the US flag are sure to go down in history. As you might imagine, this situation has heated up the atmosphere not only in the media, but also in the digital asset market. Many of the memecoins that have been popular since the beginning of 2024 are linked to the US elections. The behavior of the memcoins related to Donald Trump has caused many investors to look towards these digital assets.
Which Trump-related memecoins soared?
Nothing attracts attention like a sensation. This truth is common knowledge in marketing and business. After the attempted assassination of Donald Trump, several memecoins related to the US presidential election saw significant growth. Here are some of them:
1.MAGA Coin (MAGA)
The MAGA Coin, which references Trump’s campaign slogan “Make America Great Again,” also saw its value rise, fueled by Trump supporters who believed the attack could have bolstered his political standing.
2. TrumpCoin (TRUMP)
TrumpCoin is one of the most well-known memecoins associated with Donald Trump. After the assassination attempt on his life, TrumpCoin experienced a significant increase in value, mainly due to increased media attention and speculative moves by investors.
3. President Trump Coin (PTC)
President Trump Coin is another memecoin that has surged in value since the attempted coup, with investors predicting that the heightened interest in Trump could translate into a long-term increase in the cryptocurrency’s value.
4. Trump2024 Coin (TRUMP2024)
Trump2024 Coin, a cryptocurrency created to support Trump’s potential return to politics in the 2024 presidential election, also rose. Investors speculated that the assassination attempt could boost Trump’s chances of re-election.
5. Trump Inu (TRUMPINUS)
Trump Inu, inspired by popular memecoins like the “Shiba Inu,” has gained value thanks to increased interest from the cryptocurrency community. Trump supporters and speculators have drawn attention to the token, which has led to its price increase.
6. Trump Dollar (T$)
The Trump Dollar is a memecoin that also gained popularity and value after the attack. Investors saw it as a profit opportunity, taking advantage of the surge in interest in Trump-related cryptocurrencies.
7. Donald Coin (DON)
Donald Coin, like other cryptocurrencies related to Donald Trump, has seen its value increase. This increase was driven mainly by speculators and supporters of the former president.
Is investing in electoral memecoins a good idea?
The last two quarters on the cryptocurrency market have clearly shown that the memecoin craze is largely a game of roulette. Memecoin behavior is most often associated with major events that gain a certain level of media coverage. A great example of this was the memecoin associated with the death of Henry Kissinger. Memecoin behavior is simply unpredictable.
Investing in memecoins is associated with high risk, as their price is never really predictable. However, this does not change the fact that many investors see memecoins as a great opportunity to quickly multiply their capital. However, it is worth approaching them with an appropriate amount of caution.
What Will the Next Months Bring? Theoretical Behavior of Memecoins at the End of the Presidential Campaign
There is very little time left until the US election, as the United States will elect a new president in just over four months. We may see the behavior of election-related memecoins be extremely fluid over the coming months.
Coins like MAGA will certainly react to any major event during the campaign, although the failed assassination attempt on the former and likely future US president has set the emotional expectations of the digital asset market at a very high level. Nevertheless, the closer the election, the more interest there will be in memecoins associated with Donald Trump and the US elections. It is worth keeping a cool head, however, because many scammers will certainly try to take advantage of this situation.
The text does not constitute investment advice.
