MAGA

A MAGA whale has seized an $8.3 million windfall from the recent surge in TRUMP coin prices following a failed attack on former US President Donald Trump over the weekend.&nbsp; 
According to Lookonchain, a wallet has transferred 1.08 million MAGA tokens valued at $8.85 million to the BTSE exchange. This move follows a strategic profit-taking maneuver after the MAGA coin soared in response to recent political events. 
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 Another address tagged "GCR: Address 1" still holds 936,279 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a>($7.23M) and has not sold it, with a profit of more than $6.5M!<a href="https://t.co/qGFbpGAuJW" target="_blank">https://t.co/qGFbpGAuJW</a> <a href="https://t.co/16LpqJX61e" target="_blank">pic.twitter.com/16LpqJX61e</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1812667810239394198?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 15, 2024</a>
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A wallet initially bought 1.08 million TRUMP tokens for $540,700, averaging $0.50/token from November 22 to December 4, 2023, with another wallet holding 936,279 TRUMP tokens valued at $7.23 million, potentially netting over $6.5 million profit despite recent sell-offs. 
The rally in <a href="https://www.cryptotimes.io/2024/07/14/donald-trump-memecoin-surges-47-after-assassination-attempt/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/07/14/donald-trump-memecoin-surges-47-after-assassination-attempt/" rel="noreferrer noopener">MAGA coin prices was fueled</a> by events surrounding a failed attack on former US President Donald Trump last weekend, which bolstered his re-election prospects. Trump’s alignment with cryptocurrency policies further boosted confidence in the MAGA token and contributed to a broader crypto market rally. 
Over the weekend, MAGA prices surged by 60%, peaking above $10 before profit-taking triggered a 25% correction. Currently, it trades at $7.55, marking a 10% decline, yet maintaining a 42% weekly pump with a market capitalization of $334 million, according to <a href="https://coinmarketcap.com/currencies/maga/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap data</a>. 
Donald Trump remains resolute in attending the Bitcoin 2024 Conference scheduled for the last week of July, reinforcing his stance as a pro-crypto candidate amidst these market movements. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/07/14/bitcoin-surges-to-60k-following-trumps-assassination-attempt/" target="_blank" rel="noreferrer noopener">Bitcoin Surges to $60K Following Trump’s Assassination Attempt</a> 
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MAGA Whale Earns $8M Profit After Trump Attack Attempt

The Crypto Times

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