MAGA 2024

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trump-maga-altcoin-sees-significant-price-surge/" data-wpel-link="internal">Trump MAGA Altcoin Sees Significant Price Surge</a> 
Although not directly related to former US President Donald Trump, the altcoin Trump MAGA (TRUMP), which bears his name, has shown a significant rise, creating a new millionaire class in the emerging PoliFi (politics, finance, and cryptocurrency) sector. The altcoin has become a speculative investment for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, especially following Trump’s recent announcement to accept donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB), for his election campaign. 
<h2 style="text-align: justify" id="strong-the-altcoin-s-price-rose-75-in-just-two-weeks-strong">The Altcoin’s Price Rose 75% in Just Two Weeks</h2> 
According to on-chain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provider Nansen, the TRUMP token has risen by approximately 75% in the last two weeks, recording a significant 14% increase on May 21 following the election campaign announcement. This rally provided substantial gains for early investors in the TRUMP token, with some achieving returns exceeding 1,600%. Data shows that a single address holds over $5.5 million worth of tokens. 
Several investors who purchased TRUMP tokens for low six-figure amounts now have unrealized profits exceeding $1 million. These investors are carefully reducing their positions to avoid triggering a price drop, with most sales occurring before Trump’s campaign donation announcement. 
Despite positive gains for early investors, recent buyers face low investment returns and a low overall gain rate. 
Currently, the TRUMP token stands out with a market capitalization of $749 million, significantly contributing to the PoliFi sector. This sector represents the intersection of politics, finance, and cryptocurrency, revealing the potential for significant financial gains through speculative investments. 
<h2 style="text-align: justify" id="strong-tokens-sent-to-trump-s-wallet-near-5-million-in-value-strong">Tokens Sent to Trump’s Wallet Near $5 Million in Value</h2> 
Interestingly, a wallet allegedly connected to Trump is currently facing unrealized gains of approximately $5 million in TRUMP tokens. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-354346" src="https://coin-turk.com/wp-content/uploads/2024/05/Altcoin-Donald-Trump.jpeg" alt="" width="811" height="545"> 
Between August and October 2023, the developers of the <a href="https://en.coin-turk.com/hong-kong-warns-public-about-high-risk-crypto-assets/" data-wpel-link="internal">memecoin</a> sent $7,100 worth of TRUMP to this wallet. It is known that the strategy of sending tokens or coins to wallets connected to popular figures is often used as a marketing tactic to attract attention and increase investor interest. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/trump-maga-altcoin-sees-significant-price-surge/" data-wpel-link="internal">Trump MAGA Altcoin Sees Significant Price Surge</a></h5>

Trump MAGA Altcoin Sees Significant Price Surge

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