TREMP has doubled in value since the Donald Trump shooting incident.

Former US President Donald Trump faced a surprise assassination attempt on the campaign trail in Pennsylvania on Saturday.

Despite reports that Secret Service agents quickly removed Trump from the scene, the incident caused a stir among the public, including the crypto community.

Trump-related meme coins exacerbate the post-attack

A rally held by Trump's Butler suddenly turned chaotic after the Republican candidate was allegedly hit in the back of the head, with a bullet piercing the top of his right ear, causing severe bleeding. Amidst the commotion, Secret Service agents rushed to Trump's aid, escorting him off the stage and transporting him to a local medical facility.

Despite the seriousness of the situation, Trump was able to fight back and punch the crowd as he was led to the motorcade. The incident resulted in the death of one rally goer and the suspected gunman, while two other goers were seriously injured.

Read more: 7 Hot Meme Coins and Altcoins Trending in 2024

Following the assassination attempt, Trump spokesman Steven Cheng confirmed that Trump was “in good condition” and was being investigated. Trump took to his Truth social page to thank the US Secret Service and all law enforcement agencies for their quick response.

“Most of all, I would like to offer my condolences to the family of the man at the rally who was killed, and also to the family of another person who was seriously injured. It is unbelievable that such an act is happening in our country. […] I heard a screeching sound, a gunshot, and immediately knew something was wrong because I felt the bullet crack through the skin. I realized what was happening because of the profuse bleeding. God bless America!”

The attack on Trump drew a strong response from members of the public. Elon Musk, the CEO of Tesla and SpaceX, has publicly expressed his support for Trump. Musk wished the former president a speedy recovery.

President Joe Biden also responded to the incident. He condemned the violence as “sickening” and expressed appreciation for Trump's swift exit.

Interestingly, the crypto market reacted to Trump's assassination attempt. A number of Trump-related meme coins have seen dramatic increases in their value.

For example, the MAGA (TRUMP) meme coin rose from $6.31 to $9.68 before settling at $7.90. Similarly, Doland's Tremp (TREMP) meme coin doubled from $0.38 to $0.76.

Trump's Shifting Crypto Views Spark Debate

Trump's candidacy for the upcoming November election has received a lot of attention from the crypto community. This is mainly due to his recent support for the industry. According to data from the Polymarket prediction market platform, Trump's probability of winning has risen to 70%, while Biden's probability is only 16%.

Read more: How Blockchain Could Be Used for Voting in 2024?

However, it's important to note that Trump's stance on cryptocurrencies has been evolving over time. BeInCrypto reported that in July 2019, Trump publicly criticized Bitcoin and other digital currencies, calling them “not money” and highlighting their volatility. This raises questions about his sincerity and the policy changes that may follow.

In a recent blog post, Arthur Hayes, founder of crypto exchange BitMEX, offered a critical view of Trump's switch position. Hayes suggested that Trump's newfound support was politically motivated.