Thomas Daniels
After Milwaukee Rally Issues, Trump-Themed Meme Coin Sees Unexpected Spike
After former President Donald Trump’s recent Milwaukee rally faced unexpected technical difficulties and criticism for what many considered a visibly agitated performance, one Trump-themed meme coin, TrumpCoin, surged by 40% as other coins tied to the ex-president slumped.
Mixed Market Response Following Trump’s Milwaukee Appearance
The rally, intended to bolster Trump’s support ahead of the Nov. 5 election, instead saw setbacks due to a series of technical issues. Observers noted Trump’s uncharacteristically combative tone, which included lewd microphone gestures and a verbal threat to dock a contractor’s pay, developments that investors initially reacted to with widespread sell-offs. Yet TrumpCoin was an exception, marking a sharp 40% increase on Saturday, while coins such as MAGA (TRUMP) and MAGA Hat (MAGA) saw notable declines.
Performance of Trump-Themed Coins: MAGA Coin and Trump Inu
- MAGA Coin, associated with Trump’s “Make America Great Again” campaign slogan, has been marketed as a collectible for Trump loyalists. However, it dropped 4.6% as investors reacted to the Milwaukee event.
- MAGA Hat coin, inspired by Trump’s iconic red campaign hat, declined over 19% as of Saturday.
- Trump Inu, a meme coin that combines Trump’s brand with the popular Shiba Inu coin style, fell by 11.7% on Saturday, signaling a downward trend for meme coins tied to Trump’s name.
Contrasting Event for Kamala Harris in Milwaukee
Meanwhile, Vice President Kamala Harris, also in Milwaukee, underscored her stance on unity, presenting herself as a candidate willing to bridge divides. Harris’s rally featured live music from artists like Cardi B, GloRilla, and MC Lyte, amplifying her message of compromise and inclusion in stark contrast to Trump’s rally. She highlighted her differing approach to political opponents, stating, “Unlike Donald Trump, I don’t believe people who disagree with me are the enemy.”
Struggles for Trump’s Crypto Startup, World Liberty Financial
Trump’s family-led crypto venture, World Liberty Financial (WLFI), also appears to be facing challenges. Initially aiming to raise $300 million, the startup has slashed its goal to $30 million after a lack of investor interest.
