- Donald Trump Dropped Mog Coin (MOG) on X.
- The value of the cryptocurrency plummeted by greater than 8%.
- Trump additionally named a cryptocurrency referred to as China Inventory Change (SSEC).
Donald Trump, the Republican candidate for the upcoming US presidential election, has expressed his help for Mog Coin (MOG), a viral meme coin based mostly on the ERC-20 token commonplace on the Ethereum community. However the token noticed a pointy drop of 8.20% within the final 24 hours after Trump's announcement.
In a publish on X (previously generally known as Twitter), Trump praised Mog Coin and added that he plans to share necessary updates relating to election procedures in North Carolina. He referred to as on supporters of the mission to be able to vote by November 5.
Apparently, Trump additionally referenced China Inventory Change (SSEC), a Solana-based digital asset with a market cap of $2M, at present valued at 0.00204544 based mostly on SOLSCAN knowledge. Trump talked about the coin in his message together with information about North Carolina.
Crypto and Charity: Trump's Problem for Hurricane Helene Victims Utilizing Digital Belongings
Trump's publish additionally aimed to rally help for victims of Hurricane Helene in North Carolina, the place flooding left hundreds of residents combating an absence of primary requirements reminiscent of water. Civilian volunteers stepped in to assist the place the Biden administration allegedly did not deal with the scenario.
Congressman Mike Waltz criticized the federal government's response in X's publish, and Trump referred to as on the crypto neighborhood, together with tasks like MOG and SSEC, to assist out.
Additionally learn: Trump, Harris and the way forward for US crypto regulation: What to anticipate
Mog Coin's Value: A Unstable Month of Good points and Losses
Based on CoinMarketCap knowledge, Mog Coin has seen a price improve of virtually 50% within the final 30 days. With a market cap of $558 million, MOG is at present ranked #106 on CoinMarketCap and has risen 7.37% up to now week alone.
On the time of writing, MOG is buying and selling at $0.051426, though it has fallen over 8% lately. This drop might be seen as half of a bigger correction after a big value improve over the previous few days.
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