Trump Meme Coin Crash

Trump-inspired meme coins have seen a sharp decline in prices following news of a second assassination attempt on the former president. Investors are fleeing these speculative assets, concerned about the political instability and its impact on the broader cryptocurrency market.

Crypto Market Volatility

The broader cryptocurrency market has also experienced significant volatility, with major coins like Bitcoin, Ethereum, BNB, Solana, and XRP seeing fluctuations in their prices. Traders are closely monitoring the situation and its potential ripple effects across the digital asset ecosystem.

Impact on Stablecoins

Notably, the stablecoin USDC has maintained its peg to the US dollar, suggesting the flight to safety assets during this period of uncertainty. The price of Staked Ether (STETH) has also been affected, reflecting the interconnectedness of the crypto markets.

Source: https://decrypt.co/249641/trump-meme-coins-fall-after-second-assassination-attempt

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