After Donald Trump entered a viral television dispute with Ukrainian President Zelensky at the Oval Office, the pieces even Trump and Maga increased. Maga was among the first pieces of memes on the theme according to Trump, and it is her first upward movement in more than a month.
It is impossible to determine exactly what made merchants grow Maga growing almost 10%, but it provides an interesting window in the memes currency space.
The coins soar while Trump and Zelensky publicly fall
Donald Trump had a dramatic impact on the same currency space when he launched his own token, but some things never change. Earlier in the day, Trump welcomed Ukrainian President Volodymyr Zelensky at the White House to discuss the resolution of the current war. Things did not go as planned, however, and a television argument ensued:
“We are trying to solve a problem. Do not tell ourselves what we are going to feel. Because you are unable to dictate this, don’t forget that. You allowed yourself to be in a good position, you do not have the cards at the moment. You play with the lives of millions of people. You play with the Second World War! Trump said the dispute had become uncontrollable.
The media cycle was in fullness with commentators discussing this argument and its potential benefits on American-Ukrainian relations and war.
Already, some senators call the meeting “a complete and total disaster”, wondering if Trump and Zelensky can do business again. However, an unexpected event occurred in crypto, while Trump increased by 8%:
Trump, the president’s official medium of the president, was down constant this month. He briefly rebounded in mid-February, helped by a new Basse-Air, but he was otherwise left.
However, its rebound is not the most important factor to consider. Maga, an unofficial token on Trump’s theme, jumped almost 10% after Zelensky’s interview.
Maga is a completely unofficial product, providing no affiliation with Trump or one of his partners. He increased several times in the elections, but fell after his victory and lost almost 100% after the launch of the official part of the same.
American political developments now have an impact
Naturally, Trump fans would gather behind him after the conversation with Zelensky. These price reactions show an interesting overview of the spirit of a trader of memes, in particular a supporter of Trump.
Do these buyers expect it to be a reasonable investment? Or do they simply try to make a public gesture of faith for their favorite politician? It could even be a cynical decision, in the hope of creating a pump while this story dominates the big titles.
In the end, due to their names, it is almost impossible to easily search for one of these tokens on social networks. Consequently, attributing a concrete pattern is speculative.
However, Vitalik Buterin previously feared that memes political documents could be used for corruption, and new proposals in the Congress echo this feeling.
Even if politicians are prohibited from creating or approving tokens even, enterprising people can continue to create them in the same way.
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