Donald Trump tokens rose sharply in value on Sunday after Donald Trump was shot at during a Pennsylvania rally. TREMP token jumped 56%, to $0.612, while MAGA Trump jumped 37%. Other Trump tokens like MAGA Hat (STRUMP), Super Trump (STRUMP), and MAGA Hat also went up parabolic overnight.
Donald Trump Shot
Donald Trump’s shooting at a Pennsylvania rally was the main theme of the weekend. One rally-goer was also shot, and several others were killed. He was hit in the side of his ear. Joe Biden, the president of the United States, condemned this shooting.
This shooting occurred at a moment when Donald Trump is set to win the Republican Party’s nomination in full this week.
Recent polls indicate that his chances are higher, particularly if Joe Biden is in the race. According to a poll conducted by Pew Research Center last week, Trump has a 4-point lead. The poll showed that 44% said they’d vote for Trump, while 40% and 10% would go for Biden or Robert Kennedy.
Joe Biden, who is still struggling in polls due to concerns over his mental and physical sharpness as well as age, was the victim of a shooting.
Analysts think that Trump will have a good chance of being reelected, but they caution that things could change in the event that Biden was replaced.
Trump tokens rally
As the Trump hype continued, investors flocked towards Trump tokens to show their support. Doland Tremp rose from a low of $0.33 last week to $0.6068. The stock is still well below its previous high of $1.37, but its market capitalization has increased to $61,000,000.
Investors prefer Doland Trmp, which is a Solana coin meme, because it allows all tokens to be traded. It is different from other meme coins, which have a schedule of unlocks to increase the amount of tokens available.
MAGA Hat has risen by more than 37%, to $8.55. This is its highest level since the 29th of June and much higher that this month’s lowest point at $5.30. With a total market capitalization of $398,000,000, it is the largest political token. The token’s market cap is higher than that of some famous companies, such as Standard Lithium and 23andMe.
The price of Super Trump, a small token with a Trump theme, has risen to $0.011, compared to the low this month, $0.08. Super Trump, another small token themed around Donald Trump, rose to $0.011, up from the low of this month’s $0.08.
Political memes are on the rise
Trump tokens is part of a trend that includes political themed meme coins. Joe Biden is associated with tokens such as Jeo Boden, Hunter Biden Laptop and Hunter Biden Laptop.
Jeo Boden has a value of more than $22,000,000. This is probably because Trump enjoys a larger cult than Biden.
The majority of tokens built today are on the Solana blockchain. This is known for being fast and having low transaction fees. These tokens can also be created using tools like Pump.fun.
After the election in November, it is not clear what will happen to these tokens with political themes. It is expected that tokens with Trump themes will perform well if Trump wins and plummet if Trump loses. The gains may not last long.
Meme Coins have been among the most sought-after assets within the crypto market this year. All meme coins that CoinGecko tracks have a combined market capitalization of over $46 billion.
Dogecoin, Dogwifhat and Bonk are the most popular in terms of value, but other, newer coins like Pepe and Dogwifhat lead when it comes to volume. Pepe’s volume was over $667m in the past 24h, while WIF was over $325m. Dogecoin had 604 million dollars and Shiba Inu $271 millions.
As new information becomes available, this post MAGA Hats, STRUMP and TREMP rallies after Trump’s shooting might be updated.
