TRUMP

President Donald Trump

Donald Trump

In the upcoming United States presidential election, former President Donald Trump is gaining massive attention from crypto enthusiasts due to his involvement in cryptocurrency and NFTs. Amidst this election fervor, a trader has managed to generate a staggering $15.3 million profit on MAGA (TRUMP) tokens. Trader made $15.3 million profit in TRUMP 
On May 29, 2024, an on-chain analytics firm,SpotOnChain, made a post on X (formerly Twitter) to highlight an intriguing development. They revealed that a savvy trader initially invested 541K USDT to purchase 1.079 million TRUMP tokens. This massive investment followed Trump’s announcement of his intention to run for re-election in November 2023. 
However, as of the current writing, the value of these tokens has skyrocketed to an estimated $15.7 million, resulting in a remarkable profit of $15.3 million. This astounding profit represents approximately 28 times the trader’s initial investment.
Despite this windfall, the trader has opted to hold onto all their TRUMP holdings, anticipating further price surges as the election draws nearer.&nbsp; TRUMP price-performance analysis&nbsp; 
At present, TRUMP is trading near $14.83, experiencing a notable 24% price surge in the last 24 hours alone. Examining TRUMP’s performance over a more extended period, it has seen a remarkable 75% increase in the past 7 days and an astonishing surge of over 185% in the last 30 days, fueled by heightened investor interest. Moreover, TRUMP’s trading volume has surged by 25% in the last 24 hours, underscoring the growing confidence and interest among traders and investors in TRUMP tokens.
In addition to TRUMP, another token attracting considerable attention from crypto investors ahead of the impending election is MAGA. Notably, MAGA has experienced an astronomical surge of nearly 5,000% in the last 30 days. Amidst this bullish market sentiment, investors and traders are advised to carefully consider investing in genuine projects to safeguard their capital.
Furthermore, alongside these trending tokens in the lead-up to the election, several <a href="https://news.todayq.com/shiba-inu-to-the-moon-what-does-shibs-18-jump-mean/" rel="noopener noreferrer nofollow">meme coins</a> such as PEPE, SHIB, WIF, BONK, FLOKI, and others are also gaining traction within the crypto landscape. Meanwhile, major cryptocurrencies like Bitcoin, Ethereum, Solana, and Toncoin appear to be facing challenges in today’s market conditions.

Trader made $15.3 mln in this token, amid Trump hype in US

Todayq News

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