This Meme Coin Trader Pocketed $8 Million From MAGA (TRUMP): Here’s How

Long summary

• US President Donald Trump survived an assassination attempt while delivering a speech in Pennsylvania, which preceded a huge rise in the cryptocurrency market.
• Trump-related meme coins have seen huge gains and have led to millions of dollars in profits for experienced traders.

Trump effect

Attempted assassination of the American President presidential Candidate Donald Trump has been the most talked about topic in the past 24 hours. Remember, the billionaire He was shot in During a public speech in Pennsylvania on July 13. Fortunately, the gunman’s bullet only hit his ear when he turned his head shortly before the attack.

Trump walked off the main stage covered in blood as he held up his hands in a dramatic gesture as he reassured his fans that his campaign was on. Local doctors later declared him in “good condition.” take care of for him.

Interestingly, the assault and his survival They may have followed The entire cryptocurrency sector has seen a massive recovery. For example, the price of Bitcoin (BTC) has risen from around $58,000 (before the attack) to over $63,000 (as of this writing).

One possible reason could be Trump’s pro-crypto stance. at recent daysWhile he has been a fierce critic of the industry for years, more recently, foot Himself is the right choice for them. Favor Digital assets. He promised to allow cryptocurrencies to flourish and increase bitcoin mining efforts in the United States, considering this to be “the last line of defense against central bank digital currencies.”

Several Trump-related meme coins also headed north after the attack. cryptopotato ReportedMAGA (TRUMP), (Donald Trump – TRUMP2024), Donald Trump (DONALD) are up double digits.

Some smart traders who jumped on the bandwagon in the early days have benefited from the price surge. Blockchain analytics firm Lookonchain open The case of an investor who bought 1.08 TRUMP tokens at the end of last year. In the past few hours, the trader deposited his holdings on the BTSE crypto exchange, indicating a possible sell. Had they actually sold their holdings, their profit would have been just under $8 million.

Another investor still owns 936,279 Trump assets, which is currently equivalent to too big $7.5 million.

Consider the risks

Meme Coins They have the ability to It has seen a huge rise in prices in a short period of time. a period of timeThus bringing wealth to those who entered the ecosystem at the right time. However, they can also Easily Oil prices fell by nearly double digits within hours, causing massive losses.

With this in mind, people should dive into it after doing proper due diligence and only invest as much as they are willing to lose. For more information Important For tips, please check out the dedicated video below: