Saad Ullah
TrumpCoin spiked 40% following Donald Trump’s Milwaukee rally, while other Trump-themed meme coins like MAGA and Trump Inu see notable declines.
TrumpCoin Jumps 40% After Milwaukee Rally Mishap
Following former President Donald Trump’s Milwaukee rally, TrumpCoin experienced a surprising 40% price surge, despite the rally being marred by technical issues and what many described as an uncharacteristically frustrated performance by Trump. While TrumpCoin saw a spike, other meme coins associated with Trump, such as MAGA (TRUMP) and MAGA Hat (MAGA), took a downturn, reflecting a polarized investor response.
Named after Trump’s famous slogan, the MAGA Coin is marketed as a collectible and symbol of political allegiance. However, the coin dropped by 4.6% following the Milwaukee event. MAGA Hat, inspired by Trump’s iconic red campaign cap, performed even worse, showing a 21% decline by Saturday.
Trump Inu, a meme coin inspired by both Trump and the popular Shiba Inu theme, also faced a loss, dropping 11.7%. Like other Trump-linked assets, the coin initially gained traction due to Trump’s pro-crypto stance and continued association with digital currency, but it struggled following the latest rally’s events.
Harris’s Rally Brings Stark Contrast
On the same night, Vice President Kamala Harris held a nearby rally, attracting the crypto community with prominent artists and emphasizing unity in a swing-state push. Harris criticized Trump’s divisive approach, stating, “Unlike Donald Trump, I don’t believe people who disagree with me are the enemy.” Her rally underscored a different vision from Trump’s, appealing to voters with a message of inclusion.
Trump’s crypto initiative, World Liberty Financial, has seen limited investor interest, prompting the company to slash its fundraising goal by 90%. Originally seeking $300 million, the venture now aims to raise $30 million after failing to attract expected investment.
Saad Ullah
