Despite its absurdity, the memecoin MOG Coin has seen a surge in value since the attempted assassination of Donald Trump. The crypto community and the general public have both paid close attention to the news of this attempt in recent times.
Memes and several reports about the incredible event have surfaced. The MOG Coin team released "Make America Mog Again" with Donald Trump's being escorted by his guard team evacuating him in response to a failed assassination attempt by an unidentified shooter. Nonetheless, the photo featured Trump wearing the recognizable MOG coin glasses.
As of right now, the majority of large cryptocurrencies have seen a rise in value due to Trump's survival of the murder attempt. Despite being the 87th largest cryptocurrency by market cap, MOG Coin has outperformed other meme coins in this recent surge, gaining new attention despite its status as the top gainer among major cryptocurrencies, according to CoinMarketCap data, having increased by approximately 16.35% over the last 24 hours to $0.000002119.
Source: CoinMarketCap
Тhis token first made it into the top 100 largest cryptocurrencies at the end of June, and it has since grown in popularity and bullish movement to rank 95th at the time of writing.
In contrast, DOGE, the most popular meme coin, has only increased by 5.27% in the past day to $0.1176, with a daily volume of roughly $578.33 million. As a result of the exorbitant fees charged by traditional channels, CNF last week highlighted how Venezuela has resorted to cryptocurrency, with Dogecoin emerging as the market leader in the nation.
The unexpected and frequently turbulent nature of the cryptocurrency market, where even non-financial events can have a significant impact, is highlighted by this increase in MOG Coin's value.