PANews reported on October 7 that according to Spot On Chain monitoring, after Musk gave a speech in support of Trump, a trader made a floating profit of US$113,000 (+31.5%) in just 17 hours by betting on TRUMP and MAGA.

Yesterday, after Musk's live speech began, the trader spent $360,000 USDC to buy 2.449 billion MAG ($300,000) and 18,364 million TRUMP ($60,000). Now, these assets are worth $398,000 and $75,300 respectively (a total floating profit of $113,000).