Top Highlights

• Less-capitalized Trump meme coins are similarly down big at the moment, with MAGA Hat (MAGA) down 16% in the past hour, Super Trump (STRUMP) also falling 16%, and MAGA VP (MVP) down by 22% in just an hour.
• Meme coins famously rise and fall based on shifting sentiment among traders—and on Thursday, the buzz around Donald Trump-themed coins is apparently rough, based on the plunging prices after the former U.S. president was found guilty on 34 felony charges.
• MAGA, which is the largest Trump-themed meme coin by market cap and has the ticker TRUMP, plunged from a price of about $15 just before the verdict was read to a price of $11.27 soon after, per data from CoinGecko, reflecting a nearly 25% dip in just over an hour. It's rebounded slightly to $12.37 as of this writing.
• The presumptive Republican candidate for this year's presidential election has denied the accusations, and called the trial "rigged" in comments following the verdict.
• Meme coins inspired by Trump's key rival, current U.S. President Joe Biden, are on the rise following the verdict. The largest by market cap, Jeo Boden (BODEN), has popped by 12% over the past hour.

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