TRUMP Memecoin rebounds after Donald Trump is found guilty.
Former U.S. President Donald Trump did that. establish Pleaded guilty to 34 felonies related to falsifying business records.
The charges against Trump are “Adult film star Stormy Daniels paid to keep quiet. With the trial concluded, the case now moves to the sentencing stage.
According to the ruling, The value of the MAGA (TRUMP) memecoin fell by 16%.
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Despite the ruling, Trump continues to Denies any wrongdoing, Calling the trial’s outcome a “disgrace”, he added:
The actual ruling is scheduled to come out on November 5th.
TRUMP token linked to Donald Trump Market capitalization decreased by more than $130 million Within 20 minutes of breaking news, the price fell from $13.48 to $11.27. nevertheless, The token rebounded. It is trading at $13.50 at the time of reporting.
Other Trump-related tokens, e.g. I also saw Super Trump (STRUMP) and Baby Trump (BABYTRUMP). It decreased significantly and never recovered.
In contrast, linked to Joe Biden BODEN memecoin soared 6.4% immediately after the ruling, but later fell to $0.2541. The price was lower than before the ruling.
Despite the market turmoil, Trump’s influence on cryptocurrencies appears to remain strong as tokens associated with him show signs of resilience.
In recent months, Trump has increased his efforts to engage with the cryptocurrency community, aiming to solidify his base of support within the sector, as evidenced by his decision to accept cryptocurrency donations for his 2024 presidential campaign.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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