Hush

TRUMP

Shiba Inu

President Donald Trump

Donald Trump

<div class="finbold">
 <p class="paragraph">A guilty verdict has been reached in the long-awaited Hush Money trial, with former U.S. President Donald Trump found guilty on all 34 felony counts by a unanimous decision from 12 jurors in New York, with sentencing set for July 11.&nbsp;</p>
 <p class="paragraph">However, for one crypto trader, there is a silver lining in this verdict, as he managed to earn over $167,000 with well-placed trades involving Trump-related tokens, FreeTrump (FREE), and Never Surrender (TRUMP) created shortly after the guilty verdict was reached.</p>
 <h2 class="wp-block-heading" id="h-how-did-the-trade-unfold">How did the trade unfold?</h2>
 <p class="paragraph">Using a strategic approach, the trader capitalized on the volatility of Trump-themed tokens, specifically FreeTrump and Never Surrender.&nbsp; In just five hours, the cryptocurrency trader converted them into approximately 972 Solana (SOL) tokens, equivalent to $167,000.</p>
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 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> initially spent 85 SOL (worth $14,600) to purchase FREE <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> and subsequently sold them for 814 SOL (worth $140,000), resulting in a profit of 729 SOL (equivalent to $125,000).</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="453" src="https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp" alt="Timing of FREE-SOL conversion. Source: Lookonchain
" class="wp-image-179742" srcset="https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp 1024w, https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp 768w, https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp 1536w, https://cdn.thebittimes.com/images/2024/05/31/c136a2b8a6c868d2773de525f161dc4d.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Timing of FREE-SOL conversion. Source: Lookonchain
  </figcaption>
 </figure>
 <p class="paragraph">Additionally, 72 SOL (worth $12,300) was used to acquire TRUMP <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> and later sold for 315 SOL (worth $54,000), yielding a profit of 243 SOL (equivalent to $42,000).</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="457" src="https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp" alt="Timing of TRUMP-SOL conversion. Source: Lookonchain
" class="wp-image-179743" srcset="https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp 1024w, https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp 768w, https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp 1536w, https://cdn.thebittimes.com/images/2024/05/31/a1661e49a1e669dd9d071f4c5ad7c0b1.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Timing of TRUMP-SOL conversion. Source: Lookonchain
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="the-ongoing-political-fight-by-donald-trump-is-bringing-gains-to-crypto-traders">The ongoing political fight by Donald Trump is bringing gains to crypto traders</h2>
 <p class="paragraph">Although not directly linked to Donald Trump, the MAGA (TRUMP) <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> surge has created a new class of millionaires in the emerging PoliFi crypto sector, where politics, finance, and cryptocurrency converge.</p>
 <p class="paragraph">According to on-chain data provider <em>CoinMarketCap</em>, the TRUMP token has surged 75% in the past week. On May 21 alone, it increased by 14% following the Trump campaign’s announcement that it would accept crypto donations, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="975" height="396" src="https://cdn.thebittimes.com/images/2024/05/31/96347b512a5f2860711b7344faa5331a.webp" alt="TRUMP 7-day price chart. Source: CoinMarketCap
" class="wp-image-179744" srcset="https://cdn.thebittimes.com/images/2024/05/31/96347b512a5f2860711b7344faa5331a.webp 975w, https://cdn.thebittimes.com/images/2024/05/31/96347b512a5f2860711b7344faa5331a.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/96347b512a5f2860711b7344faa5331a.webp 768w" sizes="(max-width: 975px) 100vw, 975px">
  <figcaption class="wp-element-caption">
   TRUMP 7-day price chart. Source: CoinMarketCap
  </figcaption>
 </figure>
 <p class="paragraph">Traders are using the TRUMP token as a speculative investment tied to Trump’s ongoing presidential campaign, contributing to its recent significant gains.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-earns-167-000-in-5-hours-trading-trump-tokens-tbt90662.html">https://thebittimes.com/crypto-trader-earns-167-000-in-5-hours-trading-trump-tokens-tbt90662.html</a></p>

Crypto trader earns $167,000 in 5 hours trading Trump tokens

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TheBitTimes

Ďalšie články zverejnené 31. 5. 2024

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