Trump's Maga Coin Jumps 7%, Coin Parodying Biden Sinks Despite Ex-President's Conviction In Hush Money Trial —NFTs Also Show Strength

Trump's Maga Coin Jumps 7%, Coin Parodying Biden Sinks Despite Ex-President's Conviction In Hush Money Trial —NFTs Also Show Strength

Benzinga – Maga Coin (CRYPTO: TRUMP), the cryptocurrency themed around former President Donald Trump, continued its upward climb despite the Republican leader’s conviction in a criminal trial.

What Happened: While the coin dipped sharply when the news first broke Thursday, it quickly rebounded, resulting in a 6% gain over the last 24 hours, according to data from CoinMarketCap.

The cryptocurrency outstripped the gains of market heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), also leaving top memecoins like Dogecoin (CRYPTO: DOGE) behind.

The coin was up 71% over the week, and nearly 200% in the past month, helped largely by Trump’s strengthening pro-cryptocurrency narrative.

Interestingly, Jeo Boden (CRYPTO: BODEN), the cryptocurrency parodying Trump’s arch-rival President Joe Biden, sank 10% in the last…
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