Donald Trump's cryptocurrency, MAGA (TRUMP), experienced a significant drop in value after he was found guilty of 34 felony counts. However, it quickly recovered, while another cryptocurrency linked to Trump, Super Trump (STRUMP), did not recover as much. This comes as Trump faces the possibility of prison or probation for his involvement in a hush money scheme before the 2016 presidential election.

Trump's Conviction and Reaction

Trump has been convicted of 34 felony counts by a New York judge, making him the first former US president to be convicted of a felony. Trump has maintained his innocence and labeled the trial as a "disgrace," claiming that it was unfairly influenced by the judge. He believes that the trial reflects a broader systemic issue within the country and that the current administration is orchestrating these events to damage opponents' political status.

Market Reaction

MAGA (TRUMP) experienced a significant dip after the conviction but quickly recovered, trading at $14.232 with an intraday loss of -5.66%. Super Trump (STRUMP), on the other hand, continued to decline, trading at $0.01150 with a loss of 18.07%. A smart whale bought $498K worth of MAGA at the dip and now holds an unrealized profit of $102K.

Trump's Criticism

Trump has criticized the current state of the country, stating that it is in a mess under the administration of the 46th president. He believes that the country is being overwhelmed by individuals returning from prison and mental health institutions, which he sees as a cause of societal decline. Trump remains resolute in fighting for his innocence and has pledged to continue his fight in defense of the Constitution.