Former US President and candidate Donald Trump made complex statements about cryptocurrencies during his presidency, causing concern among investors. Trump’s approach to cryptocurrencies is known to have changed as he runs again to reclaim the office from Joe Biden. Moments ago, the presidential candidate drew all attention with his statement at an event held in San Francisco.
Trump and His Statements
Former US President Donald Trump, known for his unique personality and approaches, recently expressed positive views on cryptocurrencies during a meeting with NFT holders, encouraging investors about a potential US-crypto rapprochement. Trump emphasized that the US should become a cryptocurrency hub and criticized Biden and the economic administration on this matter.
Later, Trump initiated a fundraising campaign with cryptocurrencies and made a significant statement at an event in San Francisco moments ago. In his statement, Trump described himself as the “king of cryptocurrencies,” drawing attention once again.
Following Trump’s statement, the market, which has been showing volatile price movements today, turned its attention to cryptocurrencies themed around him.
MAGA and TREMP Current Status
Looking at MAGA first, its price recently reached an ATH of $17.2 but then experienced a sharp decline. Despite this, the price seemed to have slightly recovered following a BTC drop moments ago.
BTC dropped to $11.25, but after the announcement, it returned to $12. The price movement in the last 24 hours indicates a decline of over 2%.
Another Donald Trump-themed cryptocurrency with a market cap over $100 million, TREMP, is at $1.20 after a 7.78% drop in the last 24 hours. However, the price has recently seen a noticeable increase, rising from $1 to its current level.
It is believed that Trump’s statements could have similar effects on cryptocurrencies before the upcoming fall elections. We once again see the significant price impacts that statements from famous figures can have, especially on meme coins.
