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>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Beware of celebrity <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>: Caitlyn Jenner nets $450K from Solana meme coin frenzy <span class="self-center text-xs text-slate-500">13 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Economic collapse imminent? IMF blasts U.S. over unsustainable debt taking <span class="self-center text-xs text-slate-500">30 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 brilliant reasons to buy Cardano before its Chang hard fork <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Shocking 3-year losses on a $1K investment in Cathie Wood's ARK ETF <span class="self-center text-xs text-slate-500">2 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a> ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <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

Innehållsförteckning

TheBitTimes

Andra artiklar publicerade 31 maj 2024

Toncoin (TON) Skyrockets in Whale Accumulation - What's Happening?

Ulta Beauty Shares Gain After Reported Q1 EPS Beats Forecast By $3.77

TokenUnlocks Report Reveals Substantial Cryptocurrency Unlocks in June!

Shiba Inu faces selling pressure as 4 Trillion SHIB floods exchanges

Franklin, VanEck, Invesco Galaxy File for Spot Ethereum ETFs; Franklin Sets 0.19% Fee

Early Investor Rewards with Qubetics Whitelist: Can Chainlink and Cosmos Match the Hype?

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!