The internet has a way of making a mockery of almost any event, whether light-hearted or deadly serious.
The most recent expression of this ability occurred in the cryptocurrency markets between September 15 and September 16, when an obscure Taylor Swift-themed meme coin, SWIFTIES, plunged 9.25% from $0.02863 to $0.02417.
The strange link between SWIFTIE and the Trump assassination attempt
Such decline can be attributed to a bizarre sequence of events, which first saw Taylor Swift endorse the Democratic candidate, Vice President Kamala Harris, in the wake of the most recent debate.
Then, on the morning of Sunday, September 15, former President Donald Trump posted on his social media platform, Truth Social, simply stating, ‘I hate Taylor Swift.’
On the other hand, KAMA’s fortunes offer an interesting mirror to the performance of arguably the biggest asset entangled in the Presidential race and its ups and downs – the stock of Trump Media (NASDAQ: DJT).
While the quick collapse of DJT following the September 10 debate may indicate investors were left unimpressed by the Republican candidate, the same can be said about Harris’ followers – at least within the crypto community – given the Horris meme coin’s price action.
Additionally, the DJT’s recovery on and after Friday, September 13, demonstrates Trump supporters’ willingness to close ranks and support their candidate.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
