Bittime – The largest meme coin associated with Donald Trump has made a remarkable recovery after experiencing a significant decline following the conviction of Donald Trump on 34 felony charges related to falsifying business records. This case involves Trump allegedly hiding hush money payments to adult film actress Stormy Daniels. The trial has now moved to the punishment phase.
Despite being found guilty, Trump continues to maintain his innocence, calling the trial a “disgrace” and accusing the Biden administration of orchestrating the case to damage his political career. “This was a trial that was rigged by a problematic and corrupt judge,” Trump said. “This was done by the Biden administration to injure or hurt political opponents. The actual trial will be held on November 5 by the people.”
Also read Boost Trump Campaign (BTC), a minimalist campaign to support Trump
Check Today's Crypto Market:
What is MAGA (TRUMP) Coin? Former President Trump meme coin
MAGA Coin (TRUMP) is a meme crypto asset associated with Donald Trump, former US president and current presidential candidate. This digital token has attracted attention due to its ties to politics and market volatility.
Also read: Donald Trump Gets Support from the Crypto Community
TRUMP Coin Price Movements Due to This Case
TRUMP to IDR via Bittime Exchange
Following news of the verdict, the market capitalization of MAGA coin (TRUMP) plummeted by more than $130 million in just 20 minutes, down from $13.48 or IDR 219,046.63. to $11.27 or Rp. 183,134.68, according to CoinGecko. However, the coin quickly recovered and is currently trading at $14.70 or IDR 238,871.32, close to its 24-hour peak of $14.92.
TRUMP Coin Recovers Better Than Other Trump Meme Coins
Interestingly, the TRUMP coin was already showing a downward trend two hours before the verdict as jury deliberations entered its second day. Other Trump-related coins, such as Super Trump (STRUMP) and Baby Trump (BABYTRUMP), experienced similar initial declines but did not recover as strongly as MAGA coin (TRUMP).
Also Read How To Buy Crypto:
Biden Related Coin Volatile Reaction
In line with these developments, the memecoin Jeo Boden (BODEN), which is associated with Trump's political rival Joe Biden, saw a brief spike of 6.4% in the first 15 minutes after the verdict was announced. However, the coin quickly plummeted to $0.283 or IDR 4,598.68, which was even lower than the price before the verdict, according to CoinGecko.
Market Predictions and Political Impact
Despite the legal hurdles, blockchain-powered prediction markets like Polymarket show strong confidence in Trump's chances of winning the upcoming election on November 5, giving him a 54% probability of defeating Biden, who has a 40% chance.
What's Next for Trump's Legal Procedures?
The next phase in Trump's legal journey involves conviction, overseen primarily by Judge Juan Merchan. The judge will set a deadline for filing a sentencing memorandum, during which both parties will present their arguments regarding the appropriate sentence.
US Attorney John Deaton has expressed concerns about the broader implications of this verdict, suggesting that it will further polarize an already divided nation. “You're going to have both parties more deeply entrenched heading into the November election,” Deaton said at Consensus on May 3.
As the political and legal drama unfolded, the meme coin market remained highly responsive, reflecting the intense and speculative public interest surrounding these events.
Also read: Donald Trump Rejects CBDC If Re-Elected
Check Crypto Prices Today:
How to Buy Maga (TRUMP) on Bittime
You can buy and sell Maga (TRUMP) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Maga (TRUMP) is available on Bittime with the market pair TRUMP/IDR . To be able to buy TRUMP IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements for Maga (TRUMP) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
MAGA Triumphs: TRUMP Coin Analysis Hits Peak After Convention Speech
Crypto and Meme Coins Inspired by Trump & Biden: How's It Going?
MAGA (TRUMP) Price Prediction 2024-2030: A Meme Coin That Depends on Politics
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.