Massive Meme Coin Volatility Following Donald Trump’s Conviction in Hush Money Trial: Details
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 31 2024- Trump Found Guilty: Donald Trump was found guilty of 34 charges related to falsifying business records in a hush-money trial involving Stormy Daniels.
- Volatility in Meme Coins: Following Trump's conviction, meme coins linked to him and Joe Biden experienced significant price fluctuations.
- Legal Outcome: While Trump faces possible jail time, legal experts suggest a fine is more likely as the outcome.
- Crypto Stance: Despite previous anti-crypto views, Trump has recently expressed support for cryptocurrencies and positioned himself as a proponent of the sector.
- Presidential Battle: Trump's promise to let Bitcoin and crypto thrive in the US if elected contrasts with Biden's stance, setting the stage for a contested presidential battle.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
