TRUMP, the Donald Trump-themed meme coin, experienced a sharp drop on Thursday following the news of the former president being guilty of falsifying business records. The token saw a decrease of up to 35% after the verdict. In contrast, Jeo Boden, a meme coin inspired by President Joe Biden, saw a 20% increase. However, TRUMP quickly rebounded, surging almost 50% to nearly $17, surpassing its value before the verdict, as per CoinGecko data. Currently, TRUMP is priced at $14.39, showing an increase of more than 11% in the last 24 hours. Traders on Polymarket, the blockchain-driven prediction market, are still betting on Trump winning the November election over Biden. Trump leads with 56% odds of winning, compared to Biden’s 38%, even after the recent developments.
Source link
This article was complied with AI assistance and reviewed by an editor. More information can be found in our T &C
