Political memecoins tied to former President Donald Trump saw significant fluctuations following the conclusion of his hush money trial. As a Manhattan jury convicted Trump of 34 felony counts related to falsifying business records, tokens like FreeTrump ($TRUMP) surged by 330% to trade at $0.019, while Jeo Boden (BODEN) rose by 9.2% to reach $0.3319.

However, several Trump-related political memecoins experienced declines after news of his sentencing. MAGA (TRUMP), which has a wallet allegedly connected to Trump holding 580,000 coins, dropped by 16.2% to $11.54. Similarly, MAGA VP (MVP), hinting at a connection with Trump's potential vice presidential pick, fell by 16.5% to around $0.48.

Overall, the market capitalization of political finance (PolitiFi) memecoins decreased by 0.1% in the past day, totaling approximately $1.56 billion, according to CoinGecko.

Trump's conviction on May 30 stems from charges related to his lawyer, Michael Cohen, paying $130,000 to an adult actress before the 2016 presidential election. Trump is set to be sentenced in July and could face up to four years in prison. This trial is historic as it marks the first time a former U.S. president has been tried and convicted on criminal charges.

The intersection of Trump's public image with cryptocurrency performance has been evident, with trading volume for the "Trump Digital Trading Card Collection" dropping by 99% ahead of his April criminal trial. The collection, comprising 45,000 NFTs initially priced at $99 each, was unveiled by his team in December 2022.