Trump Memecoin Skyrockets Following Pennsylvania Incident

TL;DL;

• Trump’s memecoins surged following a Pennsylvania shooting.
•  Bitcoin spiked over $60,000 amid election speculation.
•  Political events greatly impact cryptocurrency values.

Following the dastardly act of gun violence against former US president Donald Trump, the $Trump token has skyrocketed in value by 63%. 

The Pennsylvania shooting, which left Trump with a minor injury to his ear, has been widely condenmed by Republicans and Democrats alike.

Meanwhile,a statement issued by the official spokesperson said the former president was fine and is undergoing treatment in a local facility.

 The MAGA memecoin (TRUMP)has spiked rapidly from $ 6.31 to $ 10.36, while its total market capitalization has jumped from $293 million to $ 469 million in less than 30 minutes, according to Dexscreemer data. 

TREMP ,another coin based on Solana also ,saw its value rise from $0.39 to $ 0.84.The MAGA HAT coin also has experienced a significant strike.This trend highlights how closely the crypto market is watching Trump-related activities ,especially due to his recent support for digital assets .

Among his manifestations Trump promises to fight what he calls Biden administration's “War on Crypto” if elected.This has garnered his support from key figures in the crypto space,including donations from Kraken co-founder and Winklevoss twins.

The Pennsylvania shooting has not only impacted the memecoin market but has also seen Bitcoin crossing the $60k mark again.

Bitcoin Climbs to $60k Again

Bitcoin surged over $60,000 following the news .The shooting has also increased the speculation of Trump's reelection chances.Prediction markets like Polymarket saw Trump's odds of winning the upcoming election rise to 70%. 

As Trump continues to dominate the headlines ,the cryptomarket will likely remain sensitive to any details related to his political journey.