In brief
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Shortly after President Trump announced a ceasefire between Israel and Iran, both sides fired missiles at each other.
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Trump seemed furious, telling media that the two countries “don’t know what the fuck they’re doing.”
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Still, the Official Trump meme coin pumped 6% in what appears to be the market reacting favourably to the way the President handled the situation.
President Donald Trump’s official meme coin jumped 6% to a $1.8 billion market cap on Tuesday as he announced a ceasefire between Iran and Israel in the early hours of Tuesday.
But that’s not been without its complications.
The Israeli military’s chief of staff, Eyal Zamir, claimed that Iran immediately broke the ceasefire, according to The New York Times. Israel insisted that it would “respond with force,” which it did—all while Trump urged the nation not to break the ceasefire.
Previously, Trump has reposted an article by conservative publication Newsmax, which claimed that his official meme coin was a tracker of the President’s performance and an alternative to polls.
In this situation, it would suggest the public has reacted positively to both the supposed ceasefire that Trump helped organize and how he has dealt with both sides breaking the deal.
“ISRAEL. DO NOT DROP THOSE BOMBS,” Trump wrote on Truth Social in all caps, five hours after his ceasefire announcement. “IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW!”
But it appears Israel wasn’t checking Truth Social before it dropped “those bombs.”
Trump spoke to the media, claiming that the country “dropped a load of bombs, the likes of which we’ve never seen,” within a matter of hours of the deal being made.
“We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing, you understand that?” Trump said in an explosive rant to the media. Some political commentators believe it showed strength, while others said it displays how angry he is at the situation.
Trump has continued posting on social media. The President claimed that “Israel is not going to attack Iran,” that its aircraft will turn around and head home, while doing a friendly plane wave to Iran.” He added that “Iran will never rebuild their nuclear facilities.”
The proposed ceasefire follows the conflict between Israel and Iran that escalated when Israel launched a large-scale airstrike on Iran on June 13. Iran responded by firing its own missiles at Israel. Then on Sunday morning, the U.S. got involved by bombing an Iranian nuclear facility.
It appears that Trump believed this would be the end of the conflict, but both Iran and Israel continue to fire missiles at each other.
Edited by Stacy Elliott.
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