Meanwhile, the MAGA (TRUMP) meme token turned bearish as the day began, dropping from $13.73 to $11.28.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
Former United States President Donald Trump became the first Oval Office holder to be found guilty of crimes, and the favored Republican candidate for the 2024 elections made history by becoming the first presumptive major-party nominee to become a convicted felon. Following the news of Trump’s guilty verdict, meme tokens associated with the billionaire became extremely volatile, first crashing and then immediately recovering, printing double-digit gains for their holders.
According to recent data, the FreeTrump (TRUMP) meme coin skyrocketed significantly in the past 24 hours, up 579.07%, and is trading at $0.02331 as of 2:18 a.m. ET Friday. The trading volume of the token went up 9030.64%, standing at $4.48 million, while the market cap of the cryptocurrency stands at $2.59 million.
The FreeTrump token was created to represent Trump’s indictment in the criminal case and pending arrest. It “believes that the United States will suffer harsh consequences because of this political warfare and supports a free United States, and a FREE TRUMP!”
On the other hand, the MAGA (TRUMP) meme token turned bearish as the day began, dropping from $13.73 to $11.28. However, it rose to a high of $17 on the daily candle, eventually trading at $13.72. The trading volume of the meme token is up 165.68% in the past 24 hours, standing at $50.4 million with a market cap of $600 million.
Also, the TRUMP (MAGA) cryptocurrency saw a 5.93% surge in price and is currently priced at $0.000002897. The meme coin witnessed an 8.30% decline in trading volume, which stands at $164,019.69 with a market cap of $289,471.76.
The Super Trump (STRUMP) crypto coin dropped 31.87% and is priced at $0.01236, with a 39.58% decline in trading volume and a market capitalization of $22,008,251.
Another Trump-themed meme cryptocurrency, TRUMP (TRUMP), was up 35.99% in the past 24 hours and is trading at $0.00006886. The digital asset witnessed a 7.14% spike in its trading volume, which stands at $541,000 with a market capitalization of $3.34 million.
The skyrocketing price of FreeTrump cryptocurrency portrays the sentiment of supporters who want the billionaire to be freed. The sentencing of Trump, who has been found guilty in the hush-money case on all 34 counts, will take place on July 11, and the former US president plans to appeal the judgment.
As per a report, Trump is supposed to be named as the official candidate representing the Republican Party at the party’s convention just days after his sentencing. The billionaire is in a statistical dead heat with President Joe Biden and also maintains a slight lead in key swing states, which would decide the path of the upcoming election, the report revealed, citing polls.
It is important to note that Trump has vocally supported digital assets on a number of occasions during multiple speeches and criticized the Biden administration’s treatment of the crypto sector.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
