Summary
TLDR: Former President Donald Trump’s $454 million bond was reduced to $175 million in an appeal. Meme coins using his likeness are cooling off following the news, with one Ethereum-based MAGA coin dropping 11% and a Solana-based TREMP coin down 12%. Investors should be cautious as meme coins are extremely volatile. Trump has 10 days to pay his bond or risk having his assets seized. His crypto wallet contains millions of dollars in TRUMP coin, Ethereum, and Wrapped Ethereum.
Key Points
1. The bond for former U.S. president Donald Trump has been reduced from $454 million to $175 million in an appeal.
2. Meme coins inspired by Trump, such as an Ethereum-based MAGA coin and Solana-based TREMP coin, have experienced fluctuations in value following the news of the bond reduction.
3. Trump’s assets include a crypto wallet with approximately $3 million worth of the TRUMP meme coin, as well as holdings in Ethereum and Wrapped Ethereum.