Trump’s $15B Lawsuit Dismissal Triggers $TRUMP Coin Selloff
- Judge Merryday dismissed Trump’s $15 billion lawsuit against New York Times.
- $TRUMP token observes selloff following lawsuit dismissal.
- Speculation arises in crypto markets without major mainstream impacts.
U.S. District Judge Steven Merryday dismissed Donald Trump’s $15 billion defamation lawsuit against The New York Times and Penguin Random House, prompting plans to refile within 28 days.
The dismissal triggered speculation and sell-off pressure on the $TRUMP token, highlighting the intersection between legal proceedings and cryptocurrency market reactions.
U.S. District Judge Steven Merryday dismissed former President Donald Trump’s $15 billion lawsuit against The New York Times and Penguin Random House.
The dismissal spurred a selloff of the $TRUMP token, revealing speculative behavior in the crypto market.
Judge Merryday Dismisses Trump’s $15 Billion Lawsuit
The $15 billion defamation lawsuit filed by Donald Trump against The New York Times was dismissed by Judge Steven Merryday. Following the case, Trump’s legal team plans to refile within 28 days.
The lawsuit targeted Times journalists Russ Buettner and Susanne Craig. The court’s decision indicates the complaint was politically motivated rather than a genuine legal case. Judge Merryday noted, “
A complaint is not a megaphone for public relations or a podium for a passionate oration at a political rally or the functional equivalent of the Hyde Park Speakers’ Corner.” Source
$TRUMP Coin Selloff Follows Legal Ruling
The lawsuit’s dismissal triggered a significant selloff pressure on the $TRUMP meme coin. Crypto forums noted increased chatter and speculation, affecting short-term market volatility.
The $TRUMP token experienced volatility without any recorded impact on major cryptocurrencies or DeFi protocols, highlighting its speculative nature in the absence of fundamental value.
$TRUMP Token’s Speculative Nature Analyzed
Trump’s reputation for lawsuits contrasts with previous cases that had no observed crypto market impact. The $TRUMP token remains an anomaly among meme coins linked to famous public figures.
Experts suggest this token’s volatility depends on Trump’s media actions. Market analysts forecast continued speculation with potential temporary market swings, aligning with historical patterns.
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