TrumpCoin (DJT) surged on Wednesday following the news of Donald Trump’s participation in the Bitcoin 2024 Conference. The announcement propelled the token’s price by over 55% while other Trump-inspired memecoins increased by nearly 20%. Related Reading: Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40% Trump Joins The Bitcoin Conference On July 10, Former US president and Republican candidate Donald J. Trump was officially announced as a keynote speaker at the Bitcoin 2024 Conference. The Bitcoin Conference will occur in Nashville, Tennessee, between the 25th and 27th of July. Crypto-friendly Independent Presidential Candidate Robert F. Kennedy Jr. will also participate in the upcoming event. Moreover, former pro-crypto Republican candidate Vivek Ramaswamy will join the largest Bitcoin conference in the world as a keynote speaker. The CEO of Bitcoin Magazine, the organizer of The Bitcoin Conference, expressed his enthusiasm for Trump’s participation. “July 27th we change the course of history,” David Bailey stated in an X post. The news of Trump’s involvement in the event was well-received by many industry figures. However, other industry members and investors questioned Trump’s intentions. CryptoQuant’s CEO Ki Young Ju wondered whether the former US president’s efforts were genuine: Is this a strategy to gain votes, or is it a genuine effort to make the United States a Bitcoin nation? Does anyone know? Despite the skepticism, the crypto community seems optimistic about the news, as Trump-inspired tokens soared last night. TrumpCoin And Trump-Inspired Memecoins Soar TrumpCoin’s price quickly reacted to the news, skyrocketing 55%. The token hit the $0.013 resistance level for the first time since June 27, according to DexScreener data. DJT saw a controversial launch nearly a month ago after online reports claimed TrumpCoin was the “official” Trump token. As a result, many investors sold most of their Trump-inspired memecoins, making them crash around 30%. At the time, Martin Shrekli, also known as “Pharma Bro,” claimed that the token was officially related to Trump’s camp. Shrekli stated that Barron Trump, son of the former US president, was closely involved with TrumpCoin. However, it was later revealed that Shrekli was behind the token. Crypto sleuth ZachXBT exposed the scheme on X, uncovering the truth before Shrekli admitted his involvement in an X Space. Since then, DJT’s price has gone on a descending trajectory. The token has seen a 33% decrease in the last two weeks. However, it registers a 10% increase from its price 24 hours ago, currently trading at $0.0086. Related Reading: Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinho’s Promotion Other Trump-inspired memecoins also surged after the news. MAGA (TRUMP) rose from the $5.74 to the $6.54 price range in the following hours. The price action represented a 15% and 39.5% surge in the daily and weekly timeframes. Similarly, MAGA Hat (MAGA) registered a 20% price increase, going from trading at $0.00015 to $0.00018. MAGA’s performance saw a 50% increase from its price a week ago. Featured Image from Unsplash.com, Chart from TradingView.com
Republican presidential candidate and former US President Donald Trump has garnered increased support from his party following his recent embrace of cryptocurrencies, according to a new Paradigm-sponsored survey. Last month, Paradigm, a crypto-focused venture capital firm, polled 1,025 likely Republican voters’ views on the emerging industry, revealing their deep trust for the current financial system […]
The post Trump emboldens support from Republican voters with pro-crypto stance, survey finds appeared first on CryptoSlate.
If crypto-friendly Republican candidate Trump goes off the rails, Republicans may wince, but the GOP ticket will likely not change.
Nearly all UMA voters said that the son of Donald Trump was not involved in the creation of the DJT token
As the 2024 US presidential election looms, former President Donald Trump is making a calculated move to solidify support from a key voter base: cryptocurrency aficionados. Axios reports that Trump is in discussions to speak at the Bitcoin 2024 convention, scheduled for July 25-27 in Nashville, Tennessee. Related Reading: Bitcoin Miners In Distress: Mass Sell-Off […]
The crypto market has been stirred by the emergence of a new meme coin named “Trump Coin” (ticker: DJT) on the Solana blockchain, bearing former US President’s initials. Launching with a reported market cap of $73 million according to SolScan, the coin’s legitimacy and provenance remain mired in mystery as the crypto community seeks clarity. […]
Former US President Donald Trump’s crypto portfolio has surged to nearly $26 million, primarily due to the recent airdrop of a new memecoin. This dramatic increase was highlighted by the crypto intelligence platform Arkham, which revealed via X: “Donald Trump’s memecoin holdings have just doubled, to over $20M. Donald Trump was airdropped half of the […]
BODEN appears to be the winner as first exchange open to U.S. residents lists the election-themed tokens.
In a dramatic response to Donald Trump’s recent legal troubles, Trump-themed meme coins have experienced a significant drop in value. Following the former US president’s guilty verdict on 34 felony charges, the market has shown a sharp reaction, highlighting the volatile nature of these niche financial assets. The MAGA coin, which uses the ticker TRUMP, […]
In an interview at Consensus 2024, the Galaxy Digital CEO was asked about a plethora of regulatory and legislative issues affecting crypto.
Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.
Former US President Donald Trump has emerged as an unlikely champion of cryptocurrency, amassing a digital fortune exceeding $10 million. This meteoric rise coincides with a surge in the value of the MAGA coin, a politically charged meme coin named after Trump’s signature campaign slogan. Related Reading: From The Oval Office To The Dark Web: […]
One crypto lawyer thinks a Donald Trump election win would revert some SEC crypto lawsuits, but others note he hasn’t always kept campaign promises.
It’d be foolish for people to vote against their own interests.
The landscape of the United States’ cryptocurrency industry is embroiled in a fierce showdown between the Biden administration and industry stakeholders, with far-reaching implications for both the sector’s future and the nation’s political dynamics. Related Reading: Transaction Fees To The Rescue! Bitcoin Miners Find Solace In Network Activity Hoskinson’s Warning: A Vote Against Crypto Leading […]
Former President Donald Trump’s foray into the world of cryptocurrency has been met with both triumph and turbulence. Recent reports reveal that Trump has made millions from his crypto investments, yet the heightened volatility in the crypto markets has taken a toll on his portfolio. Related Reading: Million Dollar Question: Will Bitcoin Options Traders Cash […]
Issuance of the TRUMP tokens has nothing to do with Trump directly, but some are using the tokens as a speculative bet on his ongoing presidential campaign