The failed assassination attempt on Donald Trump caused dismay, indignation, and fear but also a surge in the price of MAGA: just two hours after the attack, MAGA increased by 68%.
Donald Trump, former president and current candidate in the American elections for the Republican Party, was injured in an assassination attempt a couple of days ago. The attacker, a 20-year-old American, fired several shots at Trump while the latter was speaking during a rally in Butler, Pennsylvania. Trump emerges almost unscathed, with just a scratch on his ear, while both the attacker and a spectator lost their lives in the shooting.
Trump Took The Bullet So Crypto Could Run
The failed assasination on Trump spiked the crypto market 📈$BTC pumped to $63k$TRUMP $MAGA and $EAR went flying in a few hours and a lot of money was made🚀
He literally brought life back to the market
Trump’s definitely winning this election😅🤝
He is the best choice for… pic.twitter.com/TleLEpK64M
— Blade (@IamBlaed) July 15, 2024
The response from the crypto world was not long in coming. An explosion of meme coins were launched within minutes of the event: EAR STAYS ON ($EAR) reached a $32.6 million market cap in less than 8 hours after launch.
MAGA ($TRUMP) is the most popular meme coin inspired by Trump. Right after the shooting, MAGA went from $284 million to $480 million in market cap in the span of two hours: a 68% increment. Data provided by @Lookonchain shows how one whale made $8 million in profits thanks to this sudden pump.
A wallet suspected to be #GCR(@GiganticRebirth) deposited all 1.08M $TRUMP($8.85M) into #BTSEExchange 7 hours ago, making a profit of ~$8.3M.
This wallet spent 540,700 $USDT to buy 1.08M $TRUMP at an average price of $0.5 from Nov 22 to Dec 4, 2023.
Address:… pic.twitter.com/95ZoPsl9ca
— Lookonchain (@lookonchain) July 15, 2024
Despite this big sell-off, $MAGA seems to have regained the right momentum, rising almost 30% from last night’s dip. The current price is $8.11, and the market cap is at $$356 million. Earlier this year, MAGA arrived very close to the $1 billion market cap target with an ATH of $818 million. With the current US elections and the high probability that Donald Trump could be elected again, MAGA could easily surpass the old ATH: the narrative is stronger than ever, and low time frame price action looks bullish.
Overall, the whole crypto market seems to be in recovery, with Bitcoin and Ethereum both 10% up in 7 days. MOG just hit a new ATH, while Popcat is up 95% in one week: performances that confirm a return towards animal meme coins.
Base Dawgz Hits Another Milestone Rising $2.5 Millions In Presale
Base Dawgz is the new meme in town that will offer investors three interesting features:
- Multi-chain approach: Dawgz will not only be on the Base Blockchain but will also be tradable on ETH, SOL, BSC, and AVAX, making it possible to trade Dawgz seamlessly across multiple blockchains thanks to technologies like Wormhole and Portal Bridge.
- Share-To-Earn: Connect your X account, create memes, and share other content on Base Dawgz. This way, you will earn points to redeem for $DAWGZ tokens once the pre-sale is completed.
- Staking: Buy and stake your $Dawgz with a current APY of 1595%.
The Base Dawgz presale has already raised over $2.5 million, and for just a few more hours, the price is $0.0061 per $Dawgz, a price that will increase in the next phase.
Explore: Here’s What Donald Trump Getting Shot Means for Crypto Markets
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
