Assassination Attempt at Butler, Pennsylvania Rally
During an assassination attempt on ex-US President Donald Trump while speaking at a rally in Butler, Pennsylvania the leading Donald Trump-themed memecoin, MAGA (TRUMP), spiked by 50%.
The memecoin which is based on Ethereum rose from $6.31 to $10.36 after just a few minutes, which rose the market cap of the project from $293 million to $469 million, an increase of 38% in 45 minutes.
The details of the assassination attempt also showed positive results on other Trump-themed meme coins. Tremp (TREMP), a memecoin based on the Solana blockchain, exploded from 63% of the price shortly after the incident. The other funny coin MAGA Hat (MAGA) for only a brief moment gained 21% on the price in the same time period that led to the news of the assassination attempt.
Details of the Assassination Attempt
During the rally in Butler, Pennsylvania on July 13, Trump, while on the stage, had to combat numerous bullet shots that were fired from a direction still not clear. As soon as the former potus heard sounds from an unknown direction, he held fast, putting his right hand to his ear and getting down on the floor with Secret Service men in a hurry to shield him.
Donald Trump’s campaign official person in charge issued a statement that he suffered no injuries and is in a hospital for treatment at the time this happened.
“According to spokesman, Steven Cheung “ President Trump thanks law enforcement and first responders for their quick action during this heinous act. He is fine and is being checked out at a local medical facility. More details will follow”.
Impact on Prediction Markets
The failed attempt to kill the ex-president had drastic near-term effects on the markets, this being the case in gambling markets as well. On the Ethereum-powered betting site Polymarket, Donald Trump’s odds of winning the next election increased by 8% from 60% to 68% after the incident, while Joe Biden’s predicted winning chances decreased by another 15% from 30% to 15% based on the data from Polymarket.
Because of this, Trump has eclipsed as the clear winner of the foreseen event, holding a total winning chance of 70%. Biden is left with 15% of the possible chances of victory, and Vice President Kamala Harris leads with 9% of the votes.
Trump’s Evolving Stance on Cryptocurrencies
The development of cryptocurrencies has actually marked the turning of the Cruzkian leaf in Trump’s trend of opinion on cryptocurrency. Although he had described Bitcoin as a “scam” on one occasion, he has recently adopted a new posture. On June 14, he declared that he would end the Biden administration’s “war on crypto” if elected president.
Also, Trump, who was the main critic of Biden’s hardline approach to virtual currencies, puts the blame on the US as a country that should effectively play a key role in the crypto arena.
According to one of the Harris Poll surveys, one in three U.S. voters get to pick the candidate from the one who holds the decisive position on cryptocurrencies. Then according to the crypto capital company Paradigm-gone-comics recent report Trump is looking very good for the 2024 election.
The survey, which was done on 1,000 registered voters, revealed that 48% of crypto owners have decided to vote for the former president and only 39% are going to vote for the present U.S. President Joe Biden. Even so, a recent report from Coinbase showed that California’s cryptocurrencies which voters own are predicted to have a vastly crucial impact on the elections in 2024.
