Former US President Donald Trump encountered a dramatic assassination attempt during a campaign event on Saturday.
Although it was reported that Secret Service agents quickly evacuated Trump from the venue, the incident caused a sensation among the public, including the cryptocurrency community.
Trump-related meme coins surged significantly after the attack
After the attack at Butler, the situation was chaotic. He was hit in the back of the head by a bullet that passed through the upper right ear, causing a large amount of bleeding. Secret Service agents arrived at the scene in the chaos to rescue Trump, quickly evacuating him and taking him to a local medical facility for treatment.
Despite the urgency of the situation, Trump waved his fist to the crowd as he was escorted into the car, demonstrating his strength and defiance. The incident resulted in the death of a supporter and a suspect, as well as serious injuries to two audience members.
Trump's spokesperson, Zhang Zhiwei, confirmed that Trump is currently in good condition and undergoing further examination. Trump expressed gratitude on his social media to the US Secret Service and all law enforcement agencies for their rapid response.
"Most importantly, I want to express my condolences to the families of the deceased and the injured. It is unbelievable that such an act could happen in our country. […] I immediately realized something was wrong because I heard a swooshing sound, then gunshots, and I immediately felt the bullet piercing through the skin. There was a lot of bleeding, so I realized what had happened. God bless America," he said.
The attack on Trump has sparked strong reactions from public figures. Elon Musk, CEO of Tesla and SpaceX, publicly expressed support for Trump and wished the former president a speedy recovery.
President Biden also responded to the incident, condemning the violence as "sick" and expressing gratitude for Trump's timely rescue.
Interestingly, the cryptocurrency market reacted to the assassination attempt on Trump. The value of several meme coins related to Trump saw significant growth. For example, the price of the MAGA (TRUMP) meme coin surged from $6.31 to $9.68 and then stabilized around $7.90. Similarly, the value of the Doland Tremp (TREMP) meme coin doubled from $0.38 to $0.76.
Trump's evolving views on cryptocurrency spark debate
Trump's participation in the upcoming November election campaign has attracted great attention from the cryptocurrency community, largely due to his recent support for the industry. Data from the prediction market platform Polymarket shows that the likelihood of Trump winning has risen to 70%, while Biden's likelihood is only 16%.
However, Trump's views on cryptocurrency have evolved over time. According to BeIn Crypto, in July 2019, Trump publicly criticized Bitcoin and other digital currencies, stating that they do not meet his definition of currency standards and emphasizing their volatility issues. This stance raised questions about his sincerity and potential policy changes.
Arthur Hayes, the founder of the cryptocurrency exchange BitMEX, criticized Trump's changing views on cryptocurrency in a recent blog post. Hayes believes that Trump's new attitude towards cryptocurrency is politically motivated, aimed at attracting young, politically active, and economically influential cryptocurrency voters, especially those residing in key swing states.
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