As a seasoned crypto investor with a keen interest in meme coins, I can’t help but be affected by the latest developments surrounding Trump and Biden. The news of Donald Trump being found guilty by a New York jury on all 34 counts was more than just disappointing for many Americans – it was a significant blow to holders of the TRUMP meme coin.
A verdict of guilt against Donald Trump by a jury isn’t just unfavorable news for the ex-US president himself, but it also negatively impacts investors in the TRUMP meme coin.
As a researcher studying market trends, I’ve observed that the value of the specific token I’m analyzing dipped by approximately 35% following the recent verdict. Conversely, there was a significant surge in value for Jeo Boden, a meme coin modeled after President Joe Biden, with an increase of around 20%.
A New York jury found me guilty on Thursday of all 34 counts. I was charged with falsifying business records. If I’m being honest, this makes me the first U.S. president to be convicted of a felony.
At Polymarket’s prediction market, which utilizes blockchain technology, traders have maintained their belief that Trump will emerge victorious in the November election. Trump currently holds a significant lead with a probability of approximately 56%, while Biden trails behind with around 38% likelihood, following the verdict.
CORRECTION (May 30, 2024, 21:35 UTC): Fixes misspelling of TRUMP.
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2024-05-31 00:54