The largest Donald Trump memecoin, MAGA (TRUMP), experienced a dramatic surge of over 30% following an assassination attempt on the former United States president. The incident took place while Trump was speaking at a rally in Butler, Pennsylvania. According to DexScreener data, the Ethereum-based MAGA memecoin’s price skyrocketed from $6.31 to $10.36, boosting its market capitalization from $293 million to $469 million in less than 45 minutes.
Other Trump-themed memecoins also saw significant gains. The Solana-based memecoin Tremp (TREMP) soared by more than 63% within an hour of the news, and another memecoin, MAGA Hat (MAGA), briefly spiked by 21%.
The attempted assassination occurred on July 13 during Trump’s speech in Butler. Multiple shots were fired from an unknown direction, causing Trump to clutch his ear and drop to the ground as Secret Service agents rushed to protect him. Despite the chaos, Trump paused briefly to raise his fist and shout towards the crowd before being escorted off the stage.
A spokesperson for Trump’s campaign told the Associated Press that the former president was unharmed and receiving medical treatment at a local facility. “President Trump thanks law enforcement and first responders for their quick action during this heinous act,” said spokesman Steven Cheung. “He is fine and is being checked out at a local medical facility. More details will follow.”
In addition to the memecoin price surge, Trump’s election odds on the Ethereum-based prediction market Polymarket jumped significantly. His odds of winning the upcoming election increased from 60% to 68% immediately after the assassination attempt, according to Polymarket data.
The rapid price increases of Trump-themed memecoins and the speculative activity on Polymarket underscore the sensitivity and volatility of these markets in response to major news events. This incident highlights the complex interplay between politics, finance, and cryptocurrency, demonstrating how quickly digital asset markets can react to real-world events.
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