The Meme Coin Mania: The Impact of Trump Assassination Attempt on Solana Meme Coins
In the last 24 hours, Solana has increased 5.91% as the market has seen a rebound after the murder attempt on former President Donald Trump failed. In addition, the Solana meme coins have surged and are significantly exceeding the network’s native currency, which many believe supports his presidential ambition.
With a 61.39% increase in value over the last day, the well-known meme coin Billy (BILLY) has maintained its position as the largest token generated by Pump.fun in terms of market capitalization. Its current market capitalization is $180 million, far higher than that of second-place company Michi (MICHI), which is valued at $105 million. Having said that, Michi has also shown remarkable gains, rising 51.03% in the last day. With the project’s X account continuing to tweet routine Michi edits—including roping the cat in their logo into the abortive attempt on Trump’s life—it would seem that nothing unusual has happened with the project.
Trump’s Assassination Attempt and German Bitcoin Sale Spark a Rally in Solana Meme Coins
Other Solana meme coins have also succeeded better than SOL; for example, Popcat (POPCAT) has increased by 28.09%, LandWolf (WOLF), a token inspired by Matt Furie, has increased by 4.92%, and Gigachad (GIGA) has increased by 14.02%. Indeed, the majority of Solana meme coins, such as Dogwifhat (WIF), up 6.47%, and Bonk (BONK), up 5.17%, have seen increases in value over the last day.
This rise follows the German government‘s decision to finally empty its wallets on Friday, having previously sent exchanges and market makers billions of dollars’ worth of Bitcoin. At the beginning of the weekend, the market began to rebound as the substantial selling pressure subsided. The failed attempt on Trump’s life, which seems to have supported his candidacy, further intensified this rally.
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