As a researcher with a background in political science and finance, I find the recent assassination attempt on former U.S. President Donald Trump during his rally in Pennsylvania to be an intriguing development with far-reaching implications. Having closely followed the crypto markets and political landscape, I can’t help but observe the interesting connections that have emerged from this event.
During a rally in Butler, Pennsylvania on July 13, 2020, Donald Trump, the former US President, came close to being assassinated. This unexpected event led to a significant increase in popularity for memecoins related to Trump and shifted prediction market forecasts for the upcoming election.
During Trump’s speech to his audience, an unexpected event transpired. Based on available information, gunshots rang out nearby, leading Trump to protectively cover his ear and fall to the ground.
Shooting just happened at The Trump rally
— Acyn (@Acyn) July 13, 2024
Protecting him with quick actions, Secret Service agents stepped in. In an unmistakable gesture, Trump momentarily halted as he was being ushered away from the stage, raising his fist and addressing the crowd with a loud voice.
Later on, Trump’s campaign representative, Steven Cheung, assured the public of the ex-president’s wellbeing. He declared that Trump expressed gratitude towards law enforcement and emergency responders for their prompt response during this horrific incident.
As a data analyst, I’ve examined the reports and found that unfortunately, some of President Trump’s supporters encountered tragic outcomes during the event. One individual lost their life while trying to attend.
This was no longer a mere attempt; it resulted in the loss of life for someone, with Donald Trump being among the survivors.
— Naomi Seibt (@SeibtNaomi) July 13, 2024
In the cryptocurrency realm, the value of Donald Trump’s meme token, MAGA (TRUMP), experienced a significant increase of over 47% following the recent event. The Ethereum-sized digital coin swiftly rose from $6.2 to $9.2 within hours, leading to an augmentation in its market worth from $293 million to $410 million.
The assassination attempt had consequences for prediction markets as well. For instance, on the Ethereum-based platform Polymarket, the probability of Trump winning the upcoming election increased from 60% to 70%. In contrast, Biden’s chances of reelection dropped from 30% to 16%, and Harris’s odds fell to 8%.
Trump’s position on cryptocurrencies has changed lately, having earlier dismissed Bitcoin as akin to a scam. However, should he become the next president, he intends to put an end to what he refers to as the ongoing “crypto war” instigated by the current Biden administration.
On June 14, I noted Trump’s announcement expressing his commitment to advancing the crypto sector in the United States, emphasizing the importance of maintaining our dominant role in this innovative field.
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2024-07-14 13:25