Donald Trump rose 52 percent following the assassination attempt.
Donald Trump's memecoin MAGA (TRUMP) surged more than 30 percent following the assassination attempt on the former US president as Butler spoke on stage at a rally in Pennsylvania.
Ethereum-based MAGA memecoin quickly rose from $6.31 to $10.36 immediately after the assassination attempt, with its total market capitalization jumping 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.
As US Secret Service agents rushed to protect him, Trump clutched his ears at the sound of the gunshot.
Shots fired at Trump rally pic.twitter.com/Xs1dVL1H3T
— Acyn (@Acyn) July 13, 2024
Trump raised his fists and yelled at the crowd, asking them to stand still as his security detail pounded away from the stage.
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 the Ethereum-based prediction market have struggled to finish their bets quickly, with their odds of winning the upcoming election jumping from 60% to 68%, according to Polymarket data.
Meanwhile, President Joe Biden's predicted chance of winning re-election has dropped from 30% to 15%.
Trump now stands as the clear favorite in the construction market, with 70% odds overall, 15% for Biden and 9% for Vice President Kamala Harris.
Trump, a former skeptic of cryptocurrencies, has called bitcoin “like a scam” on several occasions. However, in recent months, he has changed his tune on Bitcoin (BTC) and other digital assets.
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
