In a dramatic response to Donald Trump's recent legal troubles, the value of Trump-themed meme coins has dropped significantly.

Following the former US president's guilty verdict on 34 felony charges, the market has sharply reacted, highlighting the volatile nature of these niche financial assets. And although he is still eligible to run for president in this year's elections and will unlikely go to jail, the trial outcome has affected the Trump-themed meme coins.

Trump-Themed Coins Take a Hit

The MAGA coin, which uses the ticker TRUMP, lost a quarter of its value. It plunged from $15 to $11 shortly after the verdict. Although it rebounded slightly to $14.50, the initial drop underscores the sensitivity of these assets to political events.

Meme coins, known for their high volatility and dependency on trader sentiment, have once again demonstrated their susceptibility to sudden price changes based on news events.

Other Trump-themed coins also suffered significant losses. MAGA VP (MVP) plummeted by 20%, Super Trump (STRUMP) dropped 15%, and MAGA Hat (MAGA) fell by 14%.

The market reaction to Trump's legal issues contrasts sharply with the performance of meme coins inspired by current US President Joe Biden (BODEN).

Following the verdict, Biden-themed coins increased in value, highlighting how political events can influence cryptocurrency values in different directions.

Divergent Performances

Meanwhile, not all Trump-themed coins experienced the same fate. Doland Tremp (TREMP), an intentionally misspelled Trump tribute coin, remained nearly stable over the past hour.

This divergence in performance suggests that while market sentiment broadly impacts these assets, individual coins can behave differently based on factors like market perception, liquidity, and speculative trading behavior.

The repercussions of Trump's guilty verdict extend beyond the meme coin market. Trump Media & Technology Group (DJT) shares on the Nasdaq also saw a significant drop, falling 8% in extended trading.

Historic Legal Case

The case, which alleged that Trump falsified business records and paid to bury press coverage of an affair with adult entertainer Stormy Daniels, marks a historic moment.

Trump becomes the first US president ever to be found guilty of a felony. Despite the market downturn, Trump has maintained his innocence, calling the trial "rigged."

His comments, however, have not mitigated the market's reaction, as evidenced by the plummeting value of Trump-themed meme coins and other financial assets associated with him.

"The drop in Trump-themed coins after the guilty verdict highlights how financial markets and politics are closely linked."

Unpredictable Market Reactions

The mixed performance of meme coins and different market reactions show how unpredictable meme coin trading can be. Political events can significantly impact finances.

The drop in Trump-themed coins after the guilty verdict highlights how closely linked financial markets and politics are, demonstrating the complex dynamics in today's financial world.