On prediction markets like Polymarket, the odds of the Republican candidate winning the upcoming election rose from 60% to 68% immediately after the incident.
Trump’s change of attitude towards cryptocurrencies has been remarkable.
The price of the MAGA memecoin (TRUMP), inspired by Donald Trump, experienced a sudden 30% surge after the attempted assassination of the former president during a rally in Butler, Pennsylvania.
Of $6.31the price quickly rose to $10.36causing its market cap to jump from $293 million to $469 million in less than 45 minutes, according to data from DexScreener.
Trump, in the middle of his speech on July 13, was interrupted by gunfire from the crowd, prompting his security team to act quickly to protect him. Despite the scare, Trump put on a brave front, raising his fist and reassuring his supporters before being taken offstage to receive medical attention locally.
Memecoins and Trump
Prices of other Trump-related memecoins also rallied following the news. Solana-based Tremp (TREMP) surged by over 63%, while MAGA Hat (MAGA) briefly rose by 21% over the same period.
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On prediction markets like Polymarket, Trump’s odds of winning the upcoming election rose from 60% to 68% immediately after the incident, while Joe Biden’s odds fell from 30% to 15% in the last hour. Trump now clearly leads in betting, with a 70% overall probability, compared to Biden’s 15% and Kamala Harris’s 9%.
Trump’s change of attitude towards cryptocurrencies has been notable. While he was previously critical of them, he has now promised to end the “war on cryptocurrencies” under a possible new administration, marking a significant shift from his previous statements during the election campaign.
Source: Ambito
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