Search results for "MAGA"

Republicans in the U.S. House of Representatives struggle to reach a consensus on the tax cut bill, and Trump harshly criticized: MAGA is not happy!

According to Gate News bot, Reuters reported that on Wednesday, House Republicans hesitantly took a step toward advancing President Donald Trump's massive tax cut and spending bill, at one point seeming to overcome the concerns of a few hardliners about its costs. However, the measure then stalled again.
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TRUMP Price Prediction: Trump Threatens to "Expel" Musk, Triggering a Crisis of Confidence in MAGA Token

The official meme coin TRUMP issued by US President Trump has softened and fallen today (3rd), currently reported at 8.90 USD. The public dispute between Trump and Tesla CEO Elon Musk has sharply escalated, with Trump now threatening to "investigate" the incident of Musk's expulsion—this dramatic escalation could shake the social sentiment supporting the price outlook of Trump coin.
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US election-themed Meme coins are generally falling, with TRUMP down over 54.94% in 24 hours.

Concept meme coins (TRUMP, BODEN, MAGA) related to the U.S. election have generally fallen in price, with TRUMP dropping by over 54.94%, Market Cap of $79 million; BODEN dropping by over 36.4%, Market Cap of $2 million; MAGA dropping by over 56.6%, Market Cap of $35 million. BlockBeats reminds that meme coins currently have no practical use, with significant Fluctuation in price, so investment needs to be cautious.
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Trump's election win rate rise, and the related memecoin MAGA price pump 20.41% Gate news: According to data from Decentralization prediction market platform Polymarket, Trump's chances of winning have reached a two-month high of 58%, driving the rise of memecoin associated with it, MAGA, which has risen by over 20% as a result. Gate data shows that $MAGA price has pumped 20.41% in the past 24 hours, with current price at $0.0001777, market cap at $73.96M, and 24-hour volume at $5.50M.
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$MAGA rises 13% as Trump leads in presidential election forecasts

Gate.io News: The price of $MAGA, the native token of MAGA Coin, inspired by Trump’s iconic red MAGA hat, has increased by 13% in the last 24 hours after the United States 2024 presidential election forecasts reveal Donald Trump leading Kamala Harris by 13.5%.$MAGA currently trades around $0.00016350 (MAGA/USDT), with a market capitalization of $68.48M, and a 24-hour trading volume of $5.28M according to Gate.io trading chart.
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According to Jinse Finance, after former US President Donald Trump was convicted of 34 counts in the "hush money" case, the price of Trump-themed meme coin plummeted. MAGA (code: TRUMP), the largest Trump-themed meme coin by market capitalization, dropped from $15 before the conviction to $11.27, a decrease of nearly 25%. Other related coins such as MAGA Hat (code: MAGA), Super Trump (code: STRUMP), and MAGA VP (code: MVP) also fell by 16% to 22%. At the same time, the stock of Trump Media and Technology Group (DJT) fell 9% in after-hours trading on Nasdaq. The price of the meme coin Jeo Boden (code BODEN), related to the current President Joe Biden who is competing with Trump, rose 12% within an hour. After the verdict, Trump denied all charges and called the trial "manipulated". This is the first time in American history that a president has been convicted of a high crime.
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The MAGA movement has divisions due to Trump's actions of bombing Iran.

According to Gate News bot, CNN reports that there is a divide among the conservative media and influencers surrounding President Donald Trump's "Make America Great Again" campaign—many of whom expressed doubts before he decided to bomb Iran's nuclear facilities—regarding the president's dramatic strike action.
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Trump hosts a Crypto Assets themed dinner, with tickets priced at up to 1.5 million dollars.

Gate.io News bot message, CNBC reported that U.S. President Donald Trump will host two Crypto Assets-themed dinners in May. The first "Crypto Assets and AI Innovators Dinner" is scheduled for May 5, hosted by MAGA Inc., with an entry fee of $1.5 million, featuring special guest David Sacks, who plays a key role in the policymaking of Crypto Assets and artificial intelligence. The second banquet will be held on May 22 at Trump National in Washington, and eligibility to participate depends on the number of $TRUMP meme tokens held by attendees. The first 220 token holders will have the opportunity to dine with Trump.
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Messari founder: Likes and respects some MAGA team members, no longer respects the vast majority of people in the encryption field

ChainCatcher message, Messari founder Ryan Selkis tweeted, "The problem is that I like and respect the MAGA team members I meet, and even some sober Democrats I meet in Washington, D.C. I no longer respect the vast majority of people in the encryption field, it's hard to go back. My judgment is often correct, and the decline is obvious."
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Concept coins related to Trump have risen by almost 60% in the two weeks before his inauguration, TRUMP 24Hrise.

Odaily Planet Daily News According to the latest report, with about two weeks left before Trump takes office, the market shows a general rise in related concept currencies: 1. TRUMPCOIN is currently trading at $0.009614, with a 24-hour increase of 469.3%. 2. TRUMP reports a current price of $3.36, with a 24-hour increase of 59.6%. 3. FIGHT is currently trading at 0.005128 US dollars, with a 24-hour increase of 48.2%. 4. MAGA is now reporting 0.0001309 USD, with a 24H increase of 41%. 5. STRUMP is now trading at 0.002444 USD, with a 24-hour increase
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$MAGA price pump34.36%, polls show Trump's approval rate rise to tie with Harris gate news: A poll by the New York Post shows that both Trump and Harris have a support rate of 49%. Compared to previous polls, Harris' support rate has dropped by 2%. Possibly influenced by this, the memecoin MAGARebound related to it has surged over 30%. According to gate data, the price of $MAGA has pumped by 34.36% in the past 24 hours, with the current price at $0.000202 and a market capitalization of $78.17M. The 24-hour volume is $12.32M.
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$TRUMP rises 15% after achieving new holders milestone

Gate.io News: The price of $TRUMP, the native token of MAGA Memecoin, has increased by 15% in the last 24 hours after the token achieves a new milestone of becoming one of the only memecoins to ever cross 100k holders across all chains.$TRUMP currently trades around $3.26 (TRUMP/USDT), with a market capitalization of $150.35M, and a 24-hour trading volume of $1.41M according to Gate.io trading chart.
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Trump Concept Coin Analysis Since its launch at the end of 2022, Trump and his wife have released a total of five series, with sales totaling millions of dollars. 1、Trump Digital Trading Cards The first Non-fungible Token series "Trump Digital Trading Cards" by Trump was listed in December 2022, with a total issuance of 45,000 cards, covering a variety of fantasy images such as superheroes, astronauts, and western sheriffs. These Non-fungible Tokens were minted on the Polygon Block on-chain, with each card priced at 99 US dollars. Once launched, the series sold out in about 12 hours. After Donald Trump returned to Twitter and tweeted, the floor price rose to 0.193ETH, with a daily increase of 41%, and the volume pumped by 258%. Then on April 19, 2023, it was reported that Trump announced the launch of the second series of 'Trump Digital Trading Cards' on his social platform Truth Social. The series of Non-fungible Tokens are also minted on the Polygon blockchain, with each token priced at $99, with a total issuance of 47,000, of which 46,000 are available for sale. The second series continued the success of the first series, once again triggering widespread follow and investment frenzy in the market. 2, Mugshot Edition On December 13, 2023, Trump launched the third Non-fungible Token series "Mugshot Edition", offering 100,000 Non-fungible Tokens, with 99,000 available for public sale. The series is also priced at 99 US dollars. According to the issuer, users who purchase 47 Trump cards will have the opportunity to have dinner with Trump at the Mar-a-Lago estate and receive a suit worn by Trump when he was arrested in August. On May 8th, after appearing in court, Trump flew back to Florida and held a private dinner with the main buyer of his 'Mugshot Edition' Non-fungible Token trading card. The Mugshot Edition Non-fungible Token series also has a lot of weight. Its content is the photos and various derivative illustrations of him when he was arrested last year in Georgia for conspiring to overturn the state's 2020 election results, including arrest scene photos, illustrations of Trump wearing a cowboy hat, and a cartoon Trump image holding lightning with the words "American superhero" written underneath. DeGods founder Frank, a well-known founder and KOL in the American NFT community, also participated in the banquet. In addition to the above video, Frank also posted another live video on his X account, in which Trump said, 'Let Non-fungible Tokens become hot again'. 3、MAGA($TRUMP) Recently, Trump expressed his support for the development of Cryptocurrency in a conference video and called on supporters to vote for him. This video has been widely circulated in the encryption community, which has not only excited Trump's supporters, but also brought new hope for the future of Cryptocurrency. Trump's comments not only caused a shock in the cryptocurrency market, but also directly boosted the price of the Trump-themed Meme coin MAGA ($TRUMP). Due to the poor liquidity and depth of Non-fungible Tokens, the price of the token may be more responsive to changes in hot events and more suitable for speculation. MAGA (Make America Great Again) is Trump's classic campaign slogan. The MAGA movement is a political movement centered around American nationalism that emerged during Trump's 2016 presidential campaign. MAGA ($TRUMP) pumped 78% in price and reached a volume of $281.8 million within 24 hours after the comment was posted, becoming the 13th-ranked Meme coin in terms of Market Cap. MAGA ($TRUMP)'s Market Cap even entered the top 250 in rankings. Supporters of Trump were also excited about his open attitude towards donations for encryption during a dinner Q&A session. Currently, MAGA ($TRUMP) is one of the strongest Meme coins in the current US election concept, and has been continuously pumping. On July 14th, Trump was shot in the head during a campaign rally. The on-site video showed that Trump's right ear was injured, but apparently it was not serious. During the security escort, Trump raised his right fist to boost morale. At the same time, the Trump MEME concept has experienced a big pump, with TRUMP pumping 44% and MAGA pumping 32% within half an hour. 4. Doland Tremp ($TREMP) Other related digital assets have also shown similar market reactions. For example, Doland Tremp (TREMP) coin rose from 0.38 dollars to 0.652 dollars, recording a rise of 69.85%. 5. Concept of Mrs. Trump The Trump family's Non-fungible Token project is not limited to Trump himself. On December 16, 2021, Melania Trump announced the launch of the Melania Trump Non-fungible Token platform, with the first Non-fungible Token named "Melania's Vision" priced at 150 SOL. On February 18, 2022, she launched the "POTUS Non-fungible Token Series" to commemorate important moments in American history. In addition, Melania · Trump also launched the "The 1776 Collection" Non-fungible Token collection on June 30, 2023 to celebrate the upcoming United States Independence Day. The series is priced at $50 each and is available in 6 editions of 500 pieces. In recent years, some savvy politicians have discovered that the young vote in the world of encryption is the "must-win" of national election wars, especially in South Korea, where internal competition is severe and young people are eager for rapid wealth and redemption through cryptocurrency trading. According to the Financial Services Commission (FSC) of South Korea, there are a total of 3.08 million young people aged 20-39 who trade cryptocurrencies in Korea, accounting for 23% of the population in this age group (13.431 million), which is close to one-fifth of the total. During the 2022 March presidential election in South Korea, the incumbent President Yoon Suk-yeol promised to relax the regulation of the cryptocurrency industry and also pledged to "take legal measures" against those who illegally profit from cryptocurrencies, by confiscating their assets and returning them to the victims. Meanwhile, Yoon's main rival, Lee Jae-myung, the Democratic Party candidate and considered the successor to former President Moon Jae-in, not only announced earlier that he would accept cryptocurrency as political donations for his campaign, but also stated that he would mint non-fungible tokens for campaign donors, to serve as proof of donation and memorabilia. The non-fungible tokens issued will include Lee Jae-myung's photos and political views. This year, the People's Power Party led by South Korean President Yoon Suk-yeol promised to delay the collection of digital asset taxes. Due to the previous ban by the Financial Services Commission (FSC) in South Korea on domestic securities firms acting as agents for overseas-listed BTC Spot ETFs, the People's Power Party now intends to allow Cryptocurrency products approved by developed countries such as the United States to enter the local market in their election promises, including BTC Spot ETFs. Other proposed election promises in the virtual asset industry-friendly plan include the establishment of a digital asset promotion committee, completing legislation related to token securities within the year, and allowing financial institutions and entities such as companies to invest in virtual assets for asset management purposes. In the early hours of today, the US House of Representatives passed the SAB121 repeal bill, which is seen as a 'huge victory' by the encryption community. In a leaked recording, former SEC enforcement official JohnReedStark stated, 'As long as the Democratic Party controls the SEC, the attacks on cryptocurrency by the SEC will continue. Regulation will not be relaxed, and enforcement actions will not slow down.' It is foreseeable that the intertwining of the encryption industry with partisan struggles will continue to develop. (Data source: Jaleel Jialiu)
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Odaily Planet Daily News A savvy trader made a profit of 2.7 million US dollars in just three days through the MAGA (TRUMP) token themed after Donald Trump. It is reported that the trader spent over 535,000 US dollars on May 25 to purchase 6 billion MAGA (TRUMP) tokens, with an initial return on investment of over 505 times. (Cointelgraph)
PANews reported on May 27th that Scopescan stated on the X platform that the top 2 addresses holding MAGA, 0x22fd (holding 4 million USD worth of MAGA) and 0x0fca (holding 3.96 million USD worth of MAGA), belong to the same entity. The entity with address starting with 0x6b4b had previously spent 1.8 ETH to purchase MAGA and distributed it to multiple addresses, many of which have since sold their tokens.
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According to Spot On Chain monitoring, this trader turned $16,400 into $30.7 million in 11 days, with a profit of 187x, amid the hype of Trump memecoins. Whalefud.eth discovered it one hour after the birth of MAGA on May 16th and exchanged 3 ETH for 5.34 billion MAGA. In the dip on May 21st, the trader exchanged 2 ETH for $56.8 million MAGA, and now holds 5.39 billion MAGA ($3.07 million)!
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According to Spot On Chain monitoring, a trader turned $16,400 into $3.07 million in just 11 days with MAGA, achieving a staggering return of 187 times. "whalefud.eth" discovered MAGA within just one hour after the token minting was open on May 16th, and exchanged 3 ETH for 5.34 billion MAGA. The trader then exchanged an additional 2 ETH for 5680 million MAGA during the fall on May 21. He now holds 5.39 billion MAGA (approximately $3.07 million).
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In just 3 days, a trader earned $2.7 million through trading MAGA, with a return on investment (ROI) as high as 505%, according to Lookonchain monitoring. He bought 6 billion MAGA for $537,500 on May 24th and May 25th, and then sold 1.5 billion MAGA 10 minutes ago in exchange for 744,000 USDT. He currently holds 4.5 billion MAGA coins, worth 2.51 million US dollars.
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According to Lookonchain monitoring, theunipcs.eth has spent 276.4 ETH (863,000 USD) to purchase 4.56 billion FLOKI (currently worth 1.1 million USD) since April 8th, and has spent 18.45 ETH (57,000 USD) to purchase 6.27 billion MAGA (currently worth 3.48 million USD). In less than two months, he made a profit of $3.4 million (+6005%) on MAGA and a profit of $245,000 (+28%) on FLOKI.
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Trump will host two encryption-themed dinners in May, raising potential conflict of interest controversies.

Former U.S. President Trump is mired in controversy due to hosting an encryption event, raising questions about potential conflicts of interest. 80% of the TRU Token supply is controlled by Trump, which raises ethical concerns. Trump responded by stating that he is not profiting and views encryption as a strategic area. The Token price has experienced a big pump of 50%.
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Elon Musk tweeted 'Dark MAGA gathering', DMAGA rose over 100% in 5 minutes

BlockBeats news, on November 6th, Musk posted on social media saying, 'Dark MAGA gathering.' According to GMGN monitoring, Solana on-chain Meme coin DMAGA surged over 100% in 5 minutes, Market Cap surpassed 1800.
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Trump-related meme token fell by 30% intraday, now at $8.11

Golden Finance reported that the market shows that the MAGA (TRUMP) token related to Donald Trump is now trading at $8.11, with a drop of 30%, due to rumors that Donald J. Trump is the mastermind behind the DJT token on Solana.
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Golden Finance reported that the US political themed Meme coin market suffered a heavy setback, with a market capitalization drop of over 13% in the past 24 hours. In contrast, Bitcoin fell by about 4% and Ethereum fell by 5.4%. Free Trump token (TRUMP) led the decline, dropping by 45%; the largest market capitalization MAGA (TRUMP) fell by 13%. A US federal jury has convicted Hunter Biden of three federal felony firearms charges, marking the first time that President Biden's son has been found guilty. After the news was announced, the Hunter Boden token (HUNTERBODEN) on Solana rose by more than 30% in 24 hours to $0.001514. Jeo Boden (BODEN), on the other hand, fell by 5.5% to $0.1855. The stock market also faces selling pressure while waiting for the monthly consumer price index report and the Fed's monetary policy announcement. In recent weeks, expectations of a Fed rate cut have weakened.

Or multiple Trump-related concept coins may pump under the influence of the TRUMP trend, with a 24-hour increase of 87.5% for MAGA.

Multiple Trump-related concept coins are pumped by the TRUMP craze, with an increase of up to 212.7%. For example, Official Trump, TREMP, SBR, STRUMP, TRUMP 47, and MAGA (TRUMP).
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1confirmation founder: Trump's launch coin shortly before the inauguration is "predatory" and may harm many people

1confirmation founder Nick Tomaino commented on the issuanceToken of Trump, believing that Trump's ownership of 80% of TRUMP and its launch shortly before the inauguration ceremony is predatory and may cause harm to many people, but the future scale of the Token depends on Trump and his team's decisions. If it is solely for profit, it will be like a Non-fungible Token, but if it is focused and used for good, it will be a big thing.
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Musk updates social media account avatar: wearing a dark 'MAGA' hat

On October 6th, Jinshi Data reported that on October 5th local time, American billionaire and Tesla CEO Musk updated his social media platform X account avatar. In the new avatar, Musk is wearing a dark 'Make America Great Again (MAGA)' hat. Earlier that day, former US president and Republican presidential candidate Trump returned to the site of the 'failed assassination' incident in Butler, Pennsylvania, to hold a campaign rally. Musk attended and gave a speech, publicly expressing his support for Trump while wearing a dark 'MAGA' hat. This is the first time Musk has participated in his campaign activities after publicly supporting Trump.
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Trump-related Meme coins fall back, MAGA drops more than 10% in one hour

Golden Finance reported that Trump-related Meme coins have experienced a decline, including: MAGA (TRUMP) fell 2.9% in the past hour, now priced at $7.85. MAGA Hat1 fell by 10.4% in an hour, now trading at 0.0002206 USD; TREMP fell by 13.9% in 1 hour, now priced at $0.5398; Super Trump (STRUMP) fell by 15.8% in the past hour, now priced at 0.009749 USD;
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According to The Data Nerd, the performance of US election-themed meme coins has been strong, and MAGA is one of them. 10 days ago, Satoshi Mingqian Address 0xF42 bought 5.26 billion MAGA for 0.46 ETH (about $1,360). A day later, he started selling at $242,000 and made a profit of $240,500 (180x ROI).

Musk challenges the MAGA Trump alliance over immigration, causing internal strife

Jinshi data, December 28, Trump has not yet returned to the White House, his governance alliance has cracked, and there has been a dispute between Musk and die-hard Republican supporters. The core of this internal strife is Trump's core election issue - immigration - and the H1-B visa that allows companies to bring foreign nationals with specific qualifications to the United States. On December 26, Musk posted on X that it is crucial for overseas elite engineering talents to "keep America victorious." Indian businessman Ramaswamy, who co-leads the "Government Efficiency Department" with Musk, said that many American companies prefer foreign workers because they do not have "American culture," and this culture is mediocre. Suspecting the benefits of immigration is a symbol of Trump's "Make America Great Again" (MAGA) movement, Musk's remarks have angered immigration hawks. In the eyes of MAGA supporters, Musk and his Silicon Valley "tech brothers" have already intervened in Depth.
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Musk calls on Pennsylvania voters to express support for Trump through various campaign signs

Odaily Planet Daily News According to the ongoing voting in the Pennsylvania presidential election, Musk answered questions during a speech offline, saying, 'Wear Trump's T-shirt loudly and proudly, place a Trump/Vance sign on the lawn, and wear a MAGA hat. If someone questions you, say, 'Yes, that's right. That's how it is.' For those who are usually in deep blue areas (referring to Democratic Party districts), stick Trump/Vance on your lawn.
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US media: Trump's camp is lively, cheers are heard

According to the November 6th news from Golden Ten Data, the atmosphere at the Trump campaign party at the Palm Beach Convention Center has changed significantly in the past few minutes. As Trump's prospects brighten, Republicans become increasingly noisy. When the tally showed Trump narrowing the gap with Harris in Pennsylvania, cheers rang out throughout the entire hall. The people at the party were wearing gorgeous 'MAGA' outfits and shouting 'fight', making it look like a Trump rally. However, Trump was not present at the scene.
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Trump concept memes surged, $MAGA price pump20.96% Gate News: According to data from the Associated Press, as of November 6th Beijing time, Trump is temporarily leading Harris with a score of 101:71. The Trump-themed Meme coin, memes, has seen a general rise. Among them, the price of $MAGA has pumped 23.88% in the past 24 hours, the price of TRUMP has pumped 13.88% in the past 24 hours, and the price of FIGHT has pumped 21.84% in the past 24 hours. According to gate data, $MAGA has pumped 20.96% in the past 24 hours, with the current price at $0.0001974, a market value of $84.02M, and a 24-hour volume of $16.73M.
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Ethereum Meme project MAGA 1H increase exceeded 110%

According to on-chain data from Odaily Star Planet Daily, the price of MAGA, an on-chain Meme project on the ETH network, has surged to $0.00003093, with a 114% increase in the past hour. The market capitalization has reached $1.3 million. MAGA, short for MAKE AMERICA GREAT AGAIN, is a Meme project themed around the U.S. presidential election.
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Or influenced by the debate between Trump and Hamas, the relevant Meme coins of Trump appear to be generally falling.

During the Trump presidential debate, related meme coins experienced a general decline. TRUMP, MAGA, TREMP, STRUMP, MAGAA, and FIGHT all fell more than 7.6%; while the Hamas concept coin KAMA has recently seen a significant increase, with a 1-hour increase of 18.2%.
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Golden Finance reported that the US presidential debate between Trump and Hamas is underway, and the market shows a general decline in Trump-related memes, including: memes. -TRUMP has dropped 9.7% in the past hour, and is now trading at $2.95. -MAGA has fallen by 13.4% in the past 1 hour, now trading at $0.00007703. -TREMP fell by 17.2% in the past 1 hour, now trading at $0.1514. - STRUMP fell by 7.5% in the past hour and is now trading at $0.006376. -MAGAA fell by 8.0% in the past 1 hour, and is now trading at $0.008538. - FIGHT fell by 11.9% in the past hour, currently trading at $0.004779. By contrast, the Hamas concept coin KAMA has risen by 20.9% in the past hour, now trading at $0.009218.
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MAGA short-term breakthrough of 0.000235 USD

Golden Finance reported that MAGA Crypto and DWF
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MAGA Crypto has established a partnership with DWF Labs

Golden Finance reported that the Trump-themed MEME project MAGA has announced its partnership with DWF.
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PANews June 12th News, according to The Block, a United States federal jury has found Hunter Biden guilty on three federal felony gun charges, marking the first time the son of a sitting president has been convicted. Following the announcement, the Hunter Boden token (HUNTERBODEN) on Solana experienced a short-term surge followed by a substantial nosedive, currently trading at $0.0005836 with a 43.5% decrease in the past 24 hours. Additionally, other meme coins related to American politics also suffered heavy losses. FreeTrump (TRUMP) dropped 22.5% in the past 24 hours, while the largest market cap MAGA (TRUMP) declined by 8.6%.
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Political meme coin frenzy: Super Trump Token soared 200% In the past week, the prices of cryptocurrencies related to former US President Donald Trump have soared, reflecting the increasing speculative enthusiasm for politically themed "meme coins" in the digital asset field. The most notable increase is the "Super Trump" (STRUMP) token, which rose by more than 200% in just one day on May 29th, making it one of the hottest cryptocurrencies. This memecoin first appeared on the Ethereum blockchain in March and has undergone tremendous changes since its launch on the Solana blockchain last weekend. The sharp increase of STRUMP seems to be part of a broader trend in the so-called "PoliFi" (Political Finance) ecosystem, where tokens associated with prominent political figures and ideologies have gained significant appeal among cryptocurrency investors. Other memecoins related to Trump, such as TRUMP, MAGA, and BODEN, have also experienced significant price surges in the past few days, ranging from 20% to 350%. This surge has propelled the original TRUMP coin to become the eighth largest memecoin by market capitalization. STRUMP project itself emphasizes its community's strong support for the former president, claiming that 0.8% of its wallet is reserved for Trump. This signal of support seems to resonate with the cryptocurrency community, many of whom see Trump's pro-cryptocurrency stance as a positive driving force for such digital assets. However, the frenzy surrounding STRUMP and similar currencies is short-lived, as memecoins have lost momentum after reaching new all-time highs recently. As of writing, the trading price of STRUMP is about $0.006, which is approximately 50% lower than the previous week's peak of $0.012. This volatility highlights the inherent risks and speculative nature of the memecoin market, where prices can fluctuate significantly based on social media trends, influential endorsements, and other short-term factors. The long-term viability of these tokens remains uncertain, as regulatory scrutiny and broader market conditions may have a significant impact on their performance. The resurgence of meme coins related to Trump reflects the continued fascination of people with the former president's brand, and the increasing influence of politically motivated investors in the cryptocurrency space. Although these digital assets have attracted the attention of speculators, their violent price fluctuations have sounded the alarm for those who are trying to profit from the "PoliFi" phenomenon. (DataSource: Christian Encila)
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The Golden Finance reported that, according to SpotOnChain monitoring, a clever Whale bought $498,000 worth of MAGA and TRUMP tokens during the price slump after Donald Trump was convicted. Profits not yet realized are $102,000 (+20.4%). In addition to Whale, the whale also gained $2.32 million in unrealized profits from FTM and PEPE.
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PANews reported on May 31 that the price of Meme coins with a Trump theme fluctuated significantly due to the establishment of 34 felony charges against former US President Trump in the "hush money" case. Among them, MAGA (code TRUMP) experienced a short-term big dump followed by a substantial rebound, currently trading at $15.17, with a 24-hour increase of 8.7%. FreeTrump (code $TRUMP) surged by 592.5% to reach $0.02352. Other related currencies such as MAGA Hat (code MAGA), Super Trump (code STRUMP), and MAGA VP (code MVP) experienced fluctuations ranging from 10% to 25%. Meanwhile, stocks of Trump Media and Technology Group (DJT) on the Nasdaq fell by 9% in after-hours trading. On the other hand, Jeo Boden, a Meme coin related to current President Biden (code BODEN), experienced a pump of over 10% in the short term followed by a big dump, currently trading at $0.2607, with a 24-hour decrease of 15.7%. According to previous reports, on May 30, a jury in a New York court responsible for the "hush money" case against former President Trump ruled that all 34 felony charges of falsifying business records against Trump in this case were established. Trump also became the first former president in the United States to be convicted.  
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