Trump Ethereum Meme Coin Prices Hit New Highs After Falling After Ruling.

There are too many instances of Donald Trump meme coins colliding.

MAGA (TRUMP) and other meme coins inspired by former US presidents prices plummeted This was on the heels of Thursday’s sentencing, in which Trump was found guilty of 34 felonies in a ‘silencing’ trial. But the slump was very brief.

In fact, the unofficial TRUMP token not only recovered its short losses; EthereumThe underlying tokens rose even faster than before the ruling was announced. And it continued to rise, hitting a new all-time high of $16.84 per token late Thursday. CoinGecko.

The token price has almost doubled over the past week. It’s up more than 84% in that period, bringing its 30-day gain to 274% as of this writing.

TRUMP is currently the 131st most valuable cryptocurrency by market capitalization, with a current price of $15.26, down more than 8% since its peak, and has a political theme (or ‘polityify’) Calculate your coins by that metric. Meanwhile, the best coin inspired by Joe Biden: I intentionally misspelled ‘Jeo Boden’. The current price is $0.27, down 10% over the past day.

Trump-inspired tokens have soared in recent weeks thanks to the former president’s public embrace of cryptocurrencies. I once criticized Bitcoin However, it has been courting cryptocurrency natives ever since.

In recent weeks, Trump has said: “He’s good at cryptocurrencies.” And if elected to a second term, he said he would work to improve regulations to keep cryptocurrency companies afloat in the United States. He also started Accept cryptocurrency donations Over the past week, popular coins such as bitcoin, Ethereum, Solanaand Dogecoin.

Interestingly, the wallet associated with Trump is: Confirmed by Arkham Intelligence-and his NFT project We have nearly 580,000 TRUMP tokens transferred to our wallets last year. The assets are now worth over $8.8 million at current prices, bringing the total value held by the wallet to $13.1 million.

Edited by Ryan Ozawa.