After former U.S. President Trump was shot and killed during a rally on the 14th, he stood up and shouted "Fight". A series of meme coins depicting Trump's tough guy image began to emerge and surge, including $FIGHT and $EAR . in), $MEGA (Make Ears Great Again), etc., but these tokens have all plummeted recently after rising sharply.
It is worth noting that after the Trump campaign released a new email on the 15th calling out “FEAR NOT”, the meme coin FEAR NOT became the latest meme coin market hot spot.
Coinmarketcap data shows that after the meme currency FEAR NOT on the Ethereum chain was launched on the same day, the price of the currency has continued to rise. Today it once exceeded 0.0001 US dollars, with the largest single-day increase of more than 500%. As of the time of writing, it was trading at 0.00008171 yuan, a single-day increase of 435%. , the market value has reached US$33 million, and the cap has increased by more than 10,000% so far.
FEAR NOT has recently seen a lot of news that is beneficial to currency prices, such as the official team announcing that it has destroyed 74.2% of its total supply. In addition, centralized exchanges such as Poloniex, CoinW, and CoinEx have successively listed FEAR NOT, and Gate.io has also FEAR NOT is on the shelves today. FEAR NOT officially announced today that it is negotiating with OKX and will soon be on the shelves on OKX.
Speech to be given at Bitcoin Conference next week
Trump's momentum surged after he was shot and assassinated. On the 19th, he formally accepted the Republican presidential nomination and delivered a finale speech, promising to increase U.S. fossil fuel production, lower taxes, and curb inflation. He also said the Federal Reserve would rate cuts in his second term.
The latest YouGov poll conducted for the New York Times/SAY24 found that Biden trails Trump in seven major swing states including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. There are 6 states that Biden won in the 2020 election, indicating that Biden's chances of being elected have dropped significantly.
The three-day annual Bitcoin Conference will be held in Nashville, Tennessee, USA on the 25th. Trump will attend the conference and deliver a speech on the last day. Dennis Porter, co-founder of Satoshi Action Fund, and Simon, founder of BnkToTheFuture Dixon and others have shared rumors that Trump may declare Bitcoin as a strategic reserve asset of the United States, but this rumor has not yet been confirmed.
The Trump series of meme coins may fluctuate violently by then. However, it should be noted that although meme coins may bring high returns, they have risks such as high volatility, lack of fundamental support, liquidity, and market manipulation. Investment Before deciding to invest funds, investors should act within their capabilities, remain vigilant, and pay attention to market trends and changes at any time.
