Trump Survives Second Assassination Attempt, But MAGA, TRUMP, TREMP Crash

Highlights

Donald Trump survives second assasination.
Trump's World Liberty Financial DeFi project is supposed to launch today.
TREMP, MAGA, and TRUMP drop in price following the attempt.

Following the second Donald Trump assassination attempt, the former president reassured his supporters that he was “safe and well.” The FBI responded to the incident at West Palm Beach, Florida, where Trump was enjoying golfing at the Trump International Golf Club. A suspect has already been arrested and is in custody.

The incident happens just two months after another assassination attempt on Trump’s life during a rally in Pennsylvania. Like the first time, Trump emerged strong, reassuring his supporters that “Nothing will slow me down. I will NEVER SURRENDER! I will always love you for supporting me.” So, how are PolitiFi tokens doing after this?

Second Donald Trump Assassination Impacts Crypto Tokens

Following the incident, Trump-based crypto tokens dropped in price. Even after showing strength, the token price remained in the negative, signaling that maybe the assassination attempts are an omen to his presidential bid come November. Can MAGA, TRUMP, and TREMP recover, and when will they recover?

Maga Hat (MAGA)

Maga Hat is the second largest Trump-based token by market cap. Trading at $0.00006116, MAGA price took a 7.2% hit in the aftermath of the new Donald Trump assassination attempt, bringing it to a total of 32.5% loss in the last 7 days.

Nevertheless, the MAGA price chart shows relatively strong support at around $0.046, which has held the price up before. MAGA has a current market cap of $25 million and is only up 73% from its all-time low price. This presents a potential opportunity for investors to jump while it’s around the bottom.

MAGA (TRUMP)

MAGA, the largest Trump meme coin, has taken a 12.2% hit. The price is sitting at $2.12 down from an all-time high price of $17.07, almost 87% down. Nevertheless, the earliest investors are still 184X in profit.

The TRUMP price chart shows the asset may continue dropping to find support at $1.2 before attempting a bounce. Below that, MAGA could drop to $0.40-$0.70, where there is relatively a stronger resistance-turned-support.

Doland Tremp (TREMP)

Doland Tremp, with a small market cap of $12 million, shows promise for recovery. This is the third largest Trump parody coin by market cap, and at the current price of $0.1231, it has dropped only 2.9% over the past 24 hours.

Additionally, the price is hovering around a zone of strong support, tested three times over the last one month.

Although all of the tokens have fair chances of recovery, TREMP price has the highest chance of recovering sooner. If it bounces from this level, it may find resistance around $0.20 before surging higher to $0.55 and finally $0.8.

Conclusion

Donald Trump assassination has affected crypto prices today mainly because of his recent pro-crypto stance. A win for Trump in the upcoming elections would be a win for the crypto industry. Donald Trump remains unshaken as the planned launch of his new crypto project, World Liberty Financial (WLFI), remains as scheduled.

Frequently Asked Questions (FAQs)

1. What happened during the second assassination attempt on Donald Trump?

Donald Trump survived a second assassination attempt at the Trump International Golf Club in West Palm Beach, Florida. The incident occurred while he was golfing, and a suspect has been arrested. Trump reassured his supporters, stating that he was "safe and well."

2. How did the assassination attempt affect Trump-related crypto tokens?

Following the assassination attempt, three major Trump-related tokens—MAGA, TRUMP, and TREMP—experienced notable price drops

3. What is World Liberty Financial (WLFI), and how does it relate to Trump?

World Liberty Financial (WLFI) is Donald Trump’s planned DeFi (decentralized finance) project, set to launch soon. Despite the recent assassination attempt, the launch remains on track. WLFI could further solidify Trump’s presence in the crypto space, influencing related tokens like MAGA, TRUMP, and TREMP.

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Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

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