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- Donald Trump name-dropped Mog Coin (MOG) on X.
- The cryptocurrency’s worth nosedived greater than 8%.
- Trump additionally name-dropped a cryptocurrency known as Chinese language Inventory Market (SSEC).
Donald Trump, the Republican candidate for the upcoming presidential election within the US, has voiced his help for Mog Coin (MOG), a viral meme coin primarily based on the ERC-20 token customary on the Ethereum community. However the token skilled a pointy 8.20% decline over the previous 24 hours following Trump’s assertion.
In a submit on X (previously often known as Twitter), Trump praised Mog Coin, including that he plans to share essential updates relating to election procedures in North Carolina. He urged supporters of the undertaking to be able to vote by November fifth.
Curiously, Trump additionally referenced the Chinese language Inventory Market (SSEC), a Solana-based digital asset with a market cap of $2 million, presently valued at $0.00204544 primarily based on SOLSCAN knowledge. In his message, Trump talked about the coin alongside updates about North Carolina.
Crypto and Charity: Trump’s Enchantment for Hurricane Helene Victims Utilizing Digital Property
Trump’s submit additionally aimed to rally help for victims of Hurricane Helene in North Carolina, the place floods have left hundreds of residents battling a scarcity of primary requirements like water. Civil volunteers have stepped in to help the place the Biden administration has reportedly failed to regulate the state of affairs.
Congressman Mike Waltz criticized the federal government’s response in an X submit, and Trump known as on the crypto group, together with tasks like MOG and SSEC, to help within the aid efforts.
Learn additionally: Trump, Harris, and the Way forward for U.S. Crypto Regulation: What to Count on
Mog Coin’s Value: A Unstable Month of Beneficial properties and Losses
Mog Coin has seen its worth climb by almost 50% over the previous 30 days, in accordance with CoinMarketCap knowledge. With a market capitalization of $558 million, MOG presently ranks 106th on CoinMarketCap and has elevated by 7.37% in simply the previous week.
On the time of writing, MOG is buying and selling at $0.051426, although it has dropped greater than 8% just lately. This pullback could possibly be seen as half of a bigger correction after the numerous worth surge over the previous few days.
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