Donald Trump Conviction Hits Meme Coin Market
The post Donald Trump Conviction Hits Meme Coin Market appeared on BitcoinEthereumNews.com. New York Judge Juan Merchan convicted former US President Donald Trump of 34 felony counts of falsifying business records. This verdict concluded the former president’s weeks-long trial and ushered in a new phase of the historic case. Trump now faces the possibility of a prison sentence or probation for his crimes related to a hush money payment scheme ahead of the 2016 presidential election. New Trump Meme Coins Emerge Amid Market Fluctuations Known for appealing court rulings, Trump is likely to appeal this conviction, which could significantly delay his sentencing. Judge Merchan has set Trump’s sentencing for 10:00 ET on July 11. The judge could sentence Trump to probation or up to four years on each count in state prison, with a maximum of 20 years. For now, Trump will remain out of jail as he awaits his sentencing since prosecutors did not ask for him to post any bond. In response to the news of Trump’s conviction, Trump-related meme coins witnessed a momentary dip. MAGA (TRUMP), the largest Trump meme coin by market capitalization, plunged from $16.84 to $13.84. However, TRUMP has since recovered, trading at $15.02 at the time of writing. Trump meme coins with smaller market capitalization, such as Maga Hat (MAGA) and Super Trump (STRUMP), also experienced dips. MAGA and STRUMP prices have decreased by 16.5% and 23.8% in the last 24 hours, respectively. The case also prompted the emergence of new Trump meme coins like Free Trump (FREE) and NEVER SURRENDER (TRUMP). According to DEX Screener data, FREE and NEVER SURRENDER prices have increased by 4,087% and 3,068% in the last 24 hours, respectively. This surge indicates a speculative interest in new meme coins amidst political turmoil. Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024 NEVER SURRENDER Price Performance. Source:…
The post Donald Trump Conviction Hits Meme Coin Market appeared on BitcoinEthereumNews.com.
New York Judge Juan Merchan convicted former US President Donald Trump of 34 felony counts of falsifying business records. This verdict concluded the former president’s weeks-long trial and ushered in a new phase of the historic case. Trump now faces the possibility of a prison sentence or probation for his crimes related to a hush money payment scheme ahead of the 2016 presidential election. New Trump Meme Coins Emerge Amid Market Fluctuations Known for appealing court rulings, Trump is likely to appeal this conviction, which could significantly delay his sentencing. Judge Merchan has set Trump’s sentencing for 10:00 ET on July 11. The judge could sentence Trump to probation or up to four years on each count in state prison, with a maximum of 20 years. For now, Trump will remain out of jail as he awaits his sentencing since prosecutors did not ask for him to post any bond. In response to the news of Trump’s conviction, Trump-related meme coins witnessed a momentary dip. MAGA (TRUMP), the largest Trump meme coin by market capitalization, plunged from $16.84 to $13.84. However, TRUMP has since recovered, trading at $15.02 at the time of writing. Trump meme coins with smaller market capitalization, such as Maga Hat (MAGA) and Super Trump (STRUMP), also experienced dips. MAGA and STRUMP prices have decreased by 16.5% and 23.8% in the last 24 hours, respectively. The case also prompted the emergence of new Trump meme coins like Free Trump (FREE) and NEVER SURRENDER (TRUMP). According to DEX Screener data, FREE and NEVER SURRENDER prices have increased by 4,087% and 3,068% in the last 24 hours, respectively. This surge indicates a speculative interest in new meme coins amidst political turmoil. Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024 NEVER SURRENDER Price Performance. Source:…
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