The recent conviction of Donald Trump seems to have had little impact on meme coin traders, despite the guilty verdict. Surprisingly, Trump-inspired MEGA token skyrocketed to a new all-time high on the same day. However, shortly after the judge's ruling, MAGA (TRUMP) experienced a dip from $13.50 to $11.20. Subsequently, a 50% surge pushed it to an all-time peak of $16.80 before dropping again. Currently, its value stands at $15.28 according to CoinMarketCap data.

The volatility extended beyond the MAGA token to other meme currencies linked to Donald Trump, the former president and the current presidential candidate for the Republican party. Donald Tremp (TREMP) fluctuated significantly, initially dropping by 5% but then rising by 18% to $1.38. Presently, its value hovers around $1.14. Contrastingly, a meme coin associated with Joe Biden, Trump's political opponent, experienced notable instability. Jeo Boden (BODEN) plunged by 15% in a single day.

On Thursday, May 30, a Manhattan jury found Donald Trump guilty on all 34 counts of falsifying company records, marking him as the first former American president to be convicted of a crime. The case revolved around Trump's involvement with Stormy Daniels, a porn star, concerning hush money paid to conceal an alleged affair before the 2016 election. Trump denied the accusations and criticized the judge and the verdict, suggesting he might face imprisonment after the sentencing on July 11. Legal experts, however, speculate that a fine is a more probable outcome.

The news of Trump's conviction sparked curiosity within the crypto community, with discussions arising about whether crypto could aid Trump in this situation. However, the impact of his legal issues on the cryptocurrency market remains uncertain, with traders closely monitoring the developments.