The price of meme coin MAGA (TRUMP) fell sharply after Donald Trump was found guilty on 34 felony counts, but has since recovered.
Meanwhile, the Jeo Boden meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.
The largest meme coin tied to United States presidential candidate Donald Trump has recovered after plummeting 16% moments after he was found guilty on 34 felony counts for falsifying business records. The case related to Trump concealing a hush money payment to adult entertainment star Stormy Daniels, which will now move to sentencing.
More than $130 million was wiped from the Donald Trump-linked MAGA token market cap in a short 20-minute window following the news,However, its price bounced back just as quickly and is now at $14.70 at the time of writing — and is now only 1.5% away from regaining its 24-hour peak of $14.92.Super Trump and Baby Trump also recorded similar falls on the news but didn’t recover to the same extent as TRUMP.
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