Donald Trump rose 52 percent following the assassination attempt.
The price of the great Donald Trump memecoin MAGA (TRUMP) increased by more than 30% as he spoke on stage at a rally in Butler, Pennsylvania, following the assassination attempt on the president.
Ethereum-based MAGA memecoin (TRUMP) jumped from $6.31 to $10.36 immediately following the assassination attempt, as its total market capitalization jumped from $293 million to $469 million in less than 45 minutes, according to DexScreener data.
The value of several Trump-themed memecoins also surged on the news.
Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while another memecoin dubbed MAGA Hat (MAGA) surged 21% in the same time frame.
Trump was on stage at a July 13 rally in Butler, Pennsylvania when multiple shots were fired from an unknown direction into the crowd.
Trump covered his ears when he heard the gunshots and fell to the ground as his security detail rushed to protect him.
Shots fired at Trump rally pic.twitter.com/Xs1dVL1H3T
— Acyn (@Acyn) July 13, 2024
With his security detail pounding from the stage, Trump raised his fists and yelled at the crowd to stop.
Related: Under Trump, US Republicans include crypto in the official party platform
An official spokesperson for the Trump campaign told The Associated Press that the former president is “doing fine” following the incident and is being treated at a local facility.
“President Trump is grateful to law enforcement and first responders for their quick response to this atrocity,” spokesman Steven Cheng said in a statement. “He is safe and being treated at a local medical facility. More details to follow.”
Trump's election odds have increased at Polymarket.
Spectators on Ethereum-based prediction market Polymarket were quick to close their bets, with Trump's odds of winning the upcoming election falling from 60% to 68% following the assassination attempt, according to Polymarket data.
Meanwhile, incumbent President Joe Biden's predicted chances of winning the election fell over the same time frame, falling from 30% to 15% at the last minute.
Trump now stands as the clear favorite in the prediction market, with an overall probability of 70% to 15% for Biden and 9% for Vice President Kamala Harris.
Trump, previously a skeptic of cryptocurrencies — saying on several occasions that bitcoin was “like a scam” — has changed his tune dramatically on bitcoin and other digital assets in recent months.
On June 14, the Biden administration announced that it would end the “war on crypto” if Trump is elected president.
It wasn't the first time Trump criticized Biden for his aggressive stance on crypto while on the campaign trail. On May 26, he took aim at Biden, saying that the United States should not compromise on anything unless it is at the top of the crypto industry.
Magazine: Crypto Exposes Sudden Disagreement Among Democrats Months Before Election
