The Donald Trump-themed meme coin TRUMP plummeted Thursday after the former president was found guilty of falsifying business records. The token sank as much as 35% after the verdict. Meanwhile, Jeo Boden, a meme coin inspired by President Joe Biden, soared 20%. TRUMP soon recovered though, rallying nearly 50% to just under $17, even higher than before the verdict, according to CoinGecko data. TRUMP is currently priced at $14.39, an increase of over 11% in the last 24 hours. On Polymarket, the blockchain-powered prediction market, traders continued to place money on Trump defeating Biden in the November election. Trump is well ahead – with 56% odds of winning, versus 38% for Biden – even after the verdict.
Crypto Prices Little Changed Ahead of U.S. PCE Inflation Report
