Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP)

A
meme
coin
trader
turned
$96
into
$3
million
in
just
over
a
year
trading
Donald

Trump-themed
political
token
MAGA
(TRUMP).

A
Remarkable
32,000X
Gain
From
A
0.052
ETH
Bet
On
MAGA

On-chain
tracking
platform
Lookonchain
shared
the
details
of
the
impressive
trade
in
an
Oct.
18
post
on
X.
According
to
the
tweet,
the
trader
spent
only
0.052


Ethereum

(ETH),
valued
at
around
$96,
to
purchase
608,650
TRUMP
on
Aug.
12,
2023. 

What
can
you
do
with
$96?

This
guy
made
over
$3M
with
only
$96,
a
32,000x
return!

He
spent
only
0.052

$ETH($96)
to
buy
608,650

$TRUMP
on
Aug
12,
2023,
and
started
selling

$TRUMP
for
a
profit
6
hours
ago.

So
far,
he
has
sold
6K

$TRUMP
for
11.4

$ETH($30K),
leaving
594,564…

pic.twitter.com/OacHY6a4RW

—
Lookonchain
(@lookonchain)

October
18,
2024

The
trader
appears
to
have
diamond
hands,
and
has
only
sold
6K
TRUMP
tokens
so
far
for
11.4
ETH,
worth
around
$30K.
This
means
that
the
trader
still
has
594,564
TRUMP
tokens. 

At
the
time
of
Lookonchain’s
post,
the
holdings
were
valued
at
approximately
$3.06
million.
However,
the
dollar
value
of
the
trader’s
TRUMP
tokens
has
dropped
to
just
below
$3
million
following
a
slight
retracement
since
the
tweet
was
made.

MAGA
Price
Surges
17,029%

CoinMarketCap


data

shows
the
MAGA
price
surged
over
17,029%
in
the
last
year.
Its
positive
momentum
continued
through
the
course
of
the
last
trading
day,
with
the
meme
coin
registering
a
5%
increase
to
trade
at
$4.20
as
of
3:30
a.m.
EST.

Trump-Themed
Tokens
Buck
PolitiFi
Market
Trend

In
the
last
24
hours,
the
market
capitalization
for
political
meme
coins
dropped
a
fraction,
while
tokens
linked
to
former
US
president
Donald
Trump
outperformed
the
sector.

Pepe
(TRUMP)
posted
the
biggest
gain
with
a
148%
surge,
while
Pepe
Trump
(PTRUMP),
MAGA
PEPE
(ETH)
and
Elon
Trump
(ET)
all
recorded
strong
gains.

With
the
US
presidential
election
less
than
3
weeks
away
and
the
hype
around
Trump
tokens,
investors
might
want
to
check
out
a
new
political
meme
coin
by
the
name
of


FreeDum
Fighters
(DUM).

The
token
has
raised
over
$208K
through
its
ongoing
presale
in
just
a
few
days
since
it
launched.
It
offers
buyers
the
chance
to
stake
their
tokens
by
”voting”
for
either
Trump
or
Democratic
rival
Kamala
Harris.

Those
who
vote/stake
for
Trump
can
earn
an
annual
staking
yield
of
about
496%,
while
those
voting/staking
for
Harris
can
earn
a
massive
1,866%
annual
return.
The
staking
yields
show
that
token
holders
favor
Trump
by
a
wide
margin.

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