As a seasoned researcher with extensive experience in the crypto market and its intricacies, I find the recent events surrounding the assassination attempt on former President Donald Trump truly fascinating. The rapid creation and trading of digital tokens related to this unfolding news is a testament to the dynamic nature of the crypto world and its community.
As a researcher studying the intersection of politics and cryptocurrencies, I’ve noticed an intriguing sequence of events unfolding in the digital asset market following the latest assassination attempt on former President Donald Trump. Upon hearing the news, certain individuals within the crypto community swiftly responded by creating and trading new digital tokens inspired by the event.
On the Solana blockchain, more than 1,000 new tokens associated with Donald Trump were introduced within a short time frame through Pump.fun. This user-friendly platform enables the rapid generation of new tokens, making it an attractive option for those looking to capitalize on breaking news.
1000+ trump-related pump funs launched before biden made a statement
let that sink in
— pump.fun (@pumpdotfun) July 13, 2024
Some tokens made an effort to pinpoint the attacker prior to the release of authoritative information. A widespread misconception erroneously identified one individual as “Mark Violets” as the perpetrator, tagging him as an “Antifa extremist.” Consequently, numerous tokens carrying his name emerged, fueled by a viral photo of him on social media.
As a crypto investor, I excitedly watched as the price of TSHOOTER token soared to an astonishing $200,000. The surge in value was fueled by rumors circulating around the internet, which unfortunately turned out to be false. Upon further investigation, it was revealed that the man in the photos, previously believed to be involved in an incident, was actually Marco Violi – a renowned Italian sports journalist with no connection to the incident whatsoever. Feeling misled, I and many other investors were left disappointed as Violi announced his intention to take legal action against those responsible for spreading these malicious lies.
Additionally, the price jump wasn’t limited to smaller cryptocurrencies. In a swift hour, Bitcoin, the leading cryptocurrency, soared from $58,337 to almost touching $60,000 following the announcement. Some speculate that this price hike may be due to investors’ belief that Trump might advocate for crypto-friendly regulations if he gets re-elected as president.
Over time, an abundance of theories surfaced and subsequently vanished. A user on the X platform generated a token based on a purported photo of the alleged gunman, who was deceased. Approximately an hour before the FBI disclosed any information, The New York Post announced that 20-year-old Thomas Matthew Crooks was the shooter. Swiftly following this revelation, a new token bearing his name emerged and skyrocketed in value to $265,000.
Ten hours after the FBI identified Crooks as the perpetrator of the incident, the majority of newly minted cryptocurrency tokens had already decreased in value. Despite this, the larger crypto market persisted in its upward trend, with some believing that the unsuccessful attack could potentially strengthen Trump’s position in the upcoming election.
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2024-07-16 01:40