The guilty verdict rendered against former President Donald Trump had a notable impact on the cryptocurrency market, particularly concerning tokens associated with the ex-president. Following the announcement of Trump's conviction on 34 felony counts related to falsifying business records, the MAGA token, closely tied to Trump, experienced significant volatility.

Within minutes of the verdict, the MAGA token saw a drastic decrease in market value, shedding over $130 million before swiftly recovering. The token's price dropped from $13.48 to $11.27 but quickly rebounded to $14.70, approaching its previous high of $14.92 within 24 hours.

Similarly, other cryptocurrency tokens linked to Trump, such as Super Trump (STRUMP) and Baby Trump (BABYTRUMP), also encountered declines post-verdict. However, these tokens did not recover as effectively as the MAGA token, indicating a varying market response to the legal developments surrounding the former president.

The volatility in Trump-associated cryptocurrencies underscores the interconnected nature of legal proceedings and their influence on digital asset markets. The conviction adds further complexity to Trump's legal challenges, including ongoing investigations into his actions during the Capitol riot and post-presidential conduct with classified information.