Trump’s Ethereum meme coin price has reached a new high after the post-judgment

Coins drop hard for the Donald Trump meme.

MAGA (TRUMP) and other commemorative coins inspired by the former US president It has fallen in price Trump's “hush money” trial immediately followed Thursday's sentencing on 34 felony charges. But the fall was very short.

As a matter of fact, the informal TRUMP token has not only lost its short, but the Ethereum-Based tokens shot up faster than before the announcement of the ruling. And then went on to hit a new all-time high of $16.84 late Thursday. With information from CoinGecko.

The token's price has nearly doubled in the past week, rising over 84% during this period and pushing its 30-day gain to 274% at the time of writing.

At its current price of $15.26, down more than 8% from its peak, TRUMP is currently the 131st most valuable cryptocurrency based on market capitalization and the most politicized (or “PolitiFi”) coin in that measure. Meanwhile, the top Joe Biden-inspired coin, the Intentionally misspelled “Jeo Boden”. It is now down 10% from the previous day to a price of $0.27.

The Trump-inspired token has risen in recent weeks as the former president has an open embrace of the cryptocurrency At one point Bitcoin was criticized But since then it has ushered in crypto natives.

Trump has said this in recent weeks He is “good at crypto” And he will work – if elected for a second term – to improve the regulations to keep crypto companies in the United States. He started Accepting cryptocurrency contributions Through the top coins as last week Bitcoin, Ethereum, SolanaAnd Dogecoin.

Interestingly, a wallet tied to Trump—as Identified by Arkham Intelligence.– and his NFT projects It holds approximately 580,000 TRUMP tokens, which were sent to the wallet last year. Those properties are worth more than $8.8 million at current prices, bringing the total value held by the wallet to $13.1 million.

Edited by Ryan Ozawa.