"There is a pile of Donald Trump memes, not all of them will come down."
Recently, we were surprised by the news regarding memecoins themed around the former President of the United States (US) Donald Trump, which experienced a drastic plunge immediately after he was found guilty of 34 criminal charges related to the "hush money" case.
Through observation, one of the Trump-themed memecoins called MAGA (TRUMP) which plunged to $15 before the results were read has fallen again to $10.14 shortly before now recovering above $13.
Not only that, MAGA Hat also slipped about 16% in the past hour while Super Trump (STRUM) and MAGA VP (MVP) also fell by 16% and 22% respectively in a short time.
However, it should be noted that not all Trump-themed memecoins have the same effect as Doland Tremp (TREMP) has experienced significant fluctuations due to traders entering and exiting the Solana (SOL) cryptocurrency.
Turning to the description of the 34 criminal charges against Trump, he is accused not only of falsifying business records but also of paying money to bury press coverage.
Despite that, Trump, who intends to participate in the presidential election this year, has strongly denied the accusations by calling the trial rigged.
It is well known that shares of Trump Media & Technology Group (DIT) on the Nasdaq also plunged in after-hours trading where data from Yahoo Finance showed the price was down 9%.
