Memecoin News
After the verdict came out in the hush money trial involving Donald Trump, there were significant fluctuations in the price of Huge Meme Coin.
May
Donald Trump has been legally convicted in a trial involving payments made to hush Stormy Daniels.
Donald Trump, who was previously the President, was found guilty of falsifying business records in a case involving payments made to adult film actress Stormy Daniels. The ruling, announced on May 30, is the first felony conviction for a former President of the United States.
It was claimed by Daniels that she and Trump were involved in a relationship before he was elected in 2016. She stated that his lawyer, Michael Cohen, paid her $130,000 to keep it secret. Trump has rejected these accusations and blasted Judge Merchan, who presided over the trial, labeling the decision as a “shame.” Trump is scheduled to be sentenced on July 11 and experts anticipate he will receive a monetary penalty rather than imprisonment.
After the court ruling, there were notable variations in the value of meme coins linked to Trump and his opponent, Joe Biden. MAGA (TRUMP) initially decreased from $13.50 to $11.20, but then rose to a record high of $16.80, before ultimately settling back to around $13.90.
A popular cryptocurrency, TREMP, experienced a 5% initial fluctuation in value before ultimately rising by 18% to $1.38. It is now valued at around $1.18.
Rates from CoinGecko for BODEN’s current price.
Trump’s Opinion on Digital Currency
Although he had previously been against cryptocurrencies, Trump recently showed his support for them. He changed his stance in early 2024, saying that he can tolerate Bitcoin (BTC). He portrayed himself as the candidate in favor of cryptocurrencies, in contrast to Biden, whom he argues is against them.
“If you are a fan of cryptocurrency in any manner, it would be advisable to vote for Trump.”
If elected president, Trump has pledged to support the growth of Bitcoin and other cryptocurrencies within the U.S. Furthermore, he has stated his intention to block the development of a central bank digital currency (CBDC). Recent polls indicate that Trump may have a lead in the upcoming presidential election.
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