The cryptocurrencies whose value has significantly decreased after Donald Trump’s conviction of criminal offenses

In New York, former US President Donald Trump was found guilty on 34 counts of falsifying business records. This verdict concluded the multi-week trial of the former president and opened a new stage in the historic case.

In response to the news of Trump’s conviction, coins related to Trump memes plummeted in value. MAGA (TRUMP), the largest Trump meme coin by market capitalization, fell from $ 16.84 to $ 13.84.

Trump meme coins with a smaller market capitalization, such as Maga Hat (MAGA) and Super Trump (STRUMP), also experienced a drop. Over the past 24 hours, MAGA and STRUMP prices have dropped by 16.5% and 23.8%, respectively.

This case also led to the emergence of Free Trump (FREE) and NEVER SURRENDER (TRUMP) tokens. According to DEX Screener, the prices of FREE and NEVER SURRENDER have increased by 4% and 3% over the past 24 hours. This growth indicates speculative interest in new meme coins amid political turmoil.

Trump has made headlines for his support of bitcoin and the broader crypto market. He has publicly pledged to protect cryptocurrencies and promote the development of appropriate regulation. Trump has also accepted donations for his cryptocurrency campaign and explored the possibility of using bitcoin to solve the national debt.