The fate of the crypto industry in Donald Trump's hands in the US election?

Previously, following the recent crypto endorsement by former US President Donald Trump, and his criticism of current President Joe Biden, the value of two meme coins associated with this political figure TRUMP and BODEN has increased significantly over the past few days.

Reporting from Bitcoin.com, Friday (10/5/2024), the price of TRUMP Coin jumped 35%, while BODEN Coin rose 16% after Donald Trump's crypto advocacy. At a gala event, Wednesday, May 8, 2024 with non-fungible token (NFT) fans, Donald Trump voiced strong opinions about cryptocurrencies.

He told attendees that Joe Biden lacks understanding of crypto, and added that those who support crypto should cast their votes for Trump. Since then, meme coins associated with these politicians have jumped significantly in value against the US dollar.

The crypto token known as maga (TRUMP) is up 35.6% in the last 24 hours, trading at around USD 5.75 per coin. Notably, Trump received a donation of 579,290 TRUMP tokens to his crypto wallet, which is now worth USD 3.33 million. To date, Trump has retained all of his TRUMP tokens.

Following the release of maga (TRUMP), the geo token (BODEN) was introduced last March and has appreciated by 16.6% over the past day. When asked about the BODEN coin at the NFT Gala, Trump expressed his disapproval.

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