The Manhattan jury found Trump guilty of 34 counts of falsifying business records, related to Michael Cohen's payment to an adult actress before the 2016 election.
Prices of memecoins like FreeTrump and MAGA surged, indicating a market reaction to Trump's conviction, while others like Boden and MVP saw different movements.
Political finance memecoin market capitalization rose by 15.4%, reaching approximately $1.8 billion post the news of Trump's conviction.
Trump voiced support for the cryptocurrency industry, emphasizing the need for the US to play a leading role in this emerging sector.
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