In recent news, it was reported that cryptocurrency tokens linked to the former US President, who survived an assassination attempt, experienced significant growth. Following the incident, where the former President was shot at, reports have confirmed that he has been discharged from the hospital and returned to New Jersey.
The cryptocurrency community has seen its fair share of controversies, with the creation of tokens tied to global events being one of them. The ongoing power struggle in the United States between Republican candidate, former President Donald Trump, and the current 46th President, Joe Biden, has provided developers with an opportunity to create tokens associated with both figures. The value of these tokens often fluctuates based on the events surrounding them.
CryptoPotato previously reported on the substantial price movements in larger-cap cryptocurrencies following the assassination attempt, with notable gains seen in BTC, SOL, and others. However, tokens related to Trump witnessed even more significant increases in value. The failed attempt on his life and his dramatic response afterward, where he stood up and raised his hands, caused a surge in the price of MAGA (TRUMP) by over 30%. Although there has been a slight pullback since then, the token is still up by 26%, with its market cap reaching $370 million, making it the 167th largest cryptocurrency.
Another token, Donald Trump – TRUMP2024, primarily created for the ongoing presidential battle, saw a 40% increase in value within the same time frame. Similarly, DONALD TRUMP (DONALD) is another example of developers capitalizing on the current trend, experiencing a 35% daily increase.
The recent events surrounding the assassination attempt on the former US President have had a significant impact on the values of cryptocurrency tokens related to him. The controversy and excitement generated by these events have led to substantial gains in token prices, showcasing the influence of real-world events on the cryptocurrency market. As developers continue to create tokens tied to global events and prominent figures, we can expect to see further fluctuations in their values based on the unfolding of such events.
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