• TREMP, TRUMP, and MAGA meme coins, tied to Donald Trump, saw declines after a second assassination attempt.
  • Meme coin Fight to MAGA (FIGHT) is up 13%, while Pepe Trump (PTRUMP) is down 18%.

Meme coins linked to Donald Trump have taken a hit following a second assassination attempt on the former president. Despite the news, major political meme coins like TREMP, TRUMP, and MAGA have all posted losses. According to CoinGecko, TREMP is down 5%, TRUMP has fallen 19%, and MAGA dipped just 1% over the past 24 hours.

This reaction is a sharp contrast to the first assassination attempt, when TREMP surged 71%, TRUMP rose 39%, and MAGA climbed 33%. The lack of a similar rally this time around has sparked debate on whether political meme coins are losing steam as the U.S. presidential election draws nearer.

“Realistically, that event should’ve been a catalyst for an influx of buy-side volume, yet no one was interested,” commented pseudonymous trader Bastille.

He attributed the slowdown to a general decline in retail interest due to an oversaturated market.

Smaller meme coins have shown mixed reactions. For example, Fight to MAGA (FIGHT) is up 13%, while Pepe Trump (PTRUMP) has dropped 18%. Traders believe that political meme coins, known as “event coins,” tend to fluctuate around specific events, but their appeal may fade after those events pass.

Bastille also pointed out that these coins are dominated by large holders, or “whales,” who may use significant events, like assassination attempts, to sell off their holdings. He noted that the first attempt garnered more attention than the recent one, which may explain the muted market response.

Edited by Harshajit Sarmah

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