Cash News
According to the FBI, Donald Trump was the apparent target of what appears to be an attempted assassination at his golf club in West Palm Beach, Florida on Sunday, nine weeks after the Republican presidential nominee survived another attempt on his life. The former president said he is out of danger, and officials have held a man in custody.
Secret Service agents found an armed suspect, Ryan Wesley Routh, hiding in bushes near the golf course. He was armed with an AK-style rifle and was 300 to 500 yards away from Trump. The agents opened fire at him, and he fled. Eventually, he was caught on the I-95 highway.
Trump Assassination Attempt: Suspect’s Profile
Fifty-eight year-old Ryan Wesley Routh has been a convicted criminal all his life. He has moved from North Carolina to Hawaii. He was charged with over 100 counts of crimes and reportedly indicated that he recruited individuals for Ukraine to fight against Russia.
Security Risks Detected
The incident has raised concerns about the protection of political officials, as the Secret Service comes under intense scrutiny following a similar attempt in July 2024. Leaders from several parties denounced the violence and expressed relief for Trump’s safety; Vice President Kamala Harris and President Biden praised the Secret Service’s response.
This happens during a very hot time for the presidential election. Trump is now the Republican nominee, and against him are multiple criminal charges filed, citing efforts he mounted to hold on to power after losing the last presidential election. Through this process of working through the aftermath of this attempt on his life, his capacity to focus on the opposition will be tested.
Impact On Crypto Tokens
Since the attempted assassination of Donald Trump, tokens based on him have had heavy losses. Most, though – including MAGA, TRUMP, and TREMP – seemed to hold somewhat but are still negative.
MAGA down in the last 24 hours. Source: Coingecko
MAGA Hat (MAGA), the second largest Trump token, dropped 6.5% — so far losing 32% in the past week. The MAGA trading session at $0.00006116 already showed some potential support at $0.045, where it could still draw in investors if the price stays around the bottom.
The largest of the Trump tokens, MAGA, has also taken a pretty significant fall, down 12% to $2.12, a far cry from its all-time high at $17.07. Still, for some early investors, this makes them quite profitable, though. The TRUMP price chart does offer some reasons to believe the token will bottom out at $1.2. However, it may still go further down to $0.40-$0.70, at which point stronger support will kick in and make a recovery attempt.
Meanwhile, the third largest coin that is themed around Trump is Doland Tremp (TREMP). And just like other ones, it has seemed a bit more stable. TREMP dropped just 3% in the last 24 hours and, at $0.1231, it trades near a solid supporting zone that was tested several times last month, which may mean a recovery course.
Featured image from South China Morning Post, chart from TradingView