Trump-inspired memecoin MAGA has strong on-chain metrics before US elections

Daily active MAGA addresses are rising, indicating network traffic.

MAGA's Network Growth metric peaked in mid-July.

As TRUMP falls, one generation of whales buys, according to Supply Distribution.

After gaining 20% since Sunday, MAGA (TRUMP) trades marginally lower at $3.4 on Tuesday. The former President Donald Trump-based memecoin is set for significant increases as daily active addresses and network growth indicators climb, indicating user acceptance. Supply distribution data also suggests that whales purchased TRUMP's price drop.

MAGA on-chain stats suggest a rally.
MAGA looks positive in Santiment's Daily Active Addresses indicator, which analyzes network activity. Blockchain use increases as the measure rises, whereas dropping addresses indicate lesser demand.

TRUMP's Daily Active Addresses climbed from 903 on Friday to 2,606 on Tuesday, the most since mid-July. TRUMP use is rising, which bodes great for MAGA pricing.


MAGA's Network Growth reached 1,226 on Monday, up from 326 on Thursday and the highest since mid-July. A increasing number of new addresses produced everyday indicates greater user adoption and project traction.


From October 18, Santiment's Supply Distribution statistic showed whales with 100,000 to 1 million TRUMP tokens decreased from 15.95 million to 11.34 million. In the same time, 1 million to 10 million TRUMP wallets rose from 10.88 million to 16.05 million.

This intriguing development suggests that the earliest whales suffered surrender. The second pair of wallets bought MAGA cheaply.

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