MAGA

A MAGA (TRUMP) meme token trader has reaped a massive fortune of $2.7 million in just three days of trading. 
Lookonchain, an on-chain analytics firm, shared a post on X revealing that a trader with wallet address 0x303b9 invested $537.5K to buy 6 billion MAGA tokens on the 24th and 25th of May. 
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 In just 3 days, this trader made $2.7M by trading <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAGA</a>, with an ROI of 505%! He spent $537.5K to buy 6B <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAGA</a> on May 24 and May 25, then sold 1.5B <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAGA</a> for 744K <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$USDT</a> to take profits 10 minutes ago. He currently holds 4.5B <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAGA</a>, worth $2.51M.<a href="https://t.co/KaRYLuELKN" target="_blank">https://t.co/KaRYLuELKN</a> <a href="https://t.co/Pgd5hKVpc5" target="_blank">pic.twitter.com/Pgd5hKVpc5</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1794985187597603120?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 27, 2024</a>
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After his first investment, the trader was able to sell MAGA tokens worth 1.5 billion for 744,000 USDT. At present, the trader possesses 4.5 billion MAGA tokens worth $2.51 million. 
The volatile nature of cryptocurrency investments is also demonstrated in this case. Previously, the trader’s wallet was worth more than $4 million, which reveals the high volatility of cryptocurrency trading. The cryptocurrency market presents both a great opportunity for high returns and risk-taking at the same time. 
As of the writing time, MAGA is trading at a price of $11.29, with a percentage decline of 11.66% as reported by Coinmarketcap. 
<img fetchpriority="high" decoding="async" width="602" height="305" src="https://lh7-us.googleusercontent.com/m4qUEeZ4H8hYFtnHpCUST8WGOKsbu-MrJLsmHzH0vil6nLCxjeivu93kV1bJXTUCU2W_RHkIF9-60nPPav4yxwzDjFQ4dq0yv90RbDWBkpUS7nXnMmyuY0j4HqEnyHfSSWDQpIfTAAIb4mmiqPUI4XI" alt="m4qUEeZ4H8hYFtnHpCUST8WGOKsbu MrJLsmHzH0vil6nLCxjeivu93kV1bJXTUCU2W RHkIF9"> 
Source: <a href="https://coinmarketcap.com/currencies/maga/" target="_blank" rel="noopener">Coinmarketcap</a> 
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 Also Read: <a href="https://www.cryptotimes.io/2024/05/28/ethena-labs-enhances-transparency-with-triple-usde-attestation/">Ethena Labs Unveils Triple Attestation for USDe Reserves</a> 
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Trader Nets $2.7M in 3 Days on MAGA Token

The Crypto Times

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