Trumps Shares, NFT, & Crypto Soar After Assassination Scare

Trumps Shares, NFT, & Crypto Soar After Assassination Scare Trumps Shares, NFT, & Crypto Soar After Assassination Scare

Over the weekend, the American dream and democracy came to a moment of standstill after an assassination attempt on Donald Trump. Over the weekend, the 45th United States President had a campaign rally in Butler County, Pennsylvania. 

Trump is alive. However, he was injured in the right ear. The Republican candidate was escorted off the stage with blood on his ear and cheek. 

Trump media surges 51% in pre-market

Soon after the event, Trump gained mass endorsements from the likes of Elon Musk and Bill Ackman. On the other hand, shares, non-fungible tokens (NFTs), and memecoins tied to DJT have skyrocketed. 

Early Monday morning, Trump’s Trump Media & Technology Group Corp. (TMTG) surged 70%.  At 4:06 am ET, the firm’s stocks were selling $49 apiece. Right now, the shares are up 51.35% on Nasdaq trading at $46.73 pre-market.

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On the other hand, Trump Digital Trading Cards’ floor price has shot up to a new all-time high. The NFTs are on the ETH sidechain scaling solution Polygon. According to on-chain data from Magic Eden, the floor price sits around 762 MATIC, worth $410. A few days ago, the same NFTs retailed at $228 apiece.

Trump’s bets on Polymarket for “Presidential Election Winner 2024” have surged to 71%. Joe Biden’s odds stand at 18% and Kamala Harris at 5%.

Historically, the weekend is known to negatively affect the crypto market. However, this weekend beat the odds. The crypto market is up, with Bitcoin stabilizing above $60K.

At the time of writing, Bitcoin (BTC) is worth $62,538, a 4.3% spike in the last 24 hours. The global crypto market cap is now $2.41 trillion, up 3.73% in the last 24 hours. Ethereum’s second largest crypto coin has stabilized above $3K to trade at $3,335, a 4.3% spike in the last 24 hours.

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