According to the chain, the recent rise of TRUMP tokens has allowed investors to make significant profits.
This comes in the wake of the failed attack on former US President Donald Trump, which sparked widespread growth in #meme coins.
Another linked wallet holds a significant amount of TRUMP tokens that have not yet been sold, allowing for significant unrealized profits. The increased prospects for Trump's re-election after the attack had a positive impact on the #cryptocurrency market, particularly on #bitcoin and related assets.
Over the weekend, the price of MAGA tokens #rose 60% to over $10, but fell 25% as a result of a sell-off to lock in profits. Despite this, the token rose 42% over the week, with a market capitalization of $334 million. Trump is expected to speak at the Bitcoin 2024 conference later this month to support his stance on cryptocurrencies.
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