New Meme Coins Emerged with the Donald Trump Case: There is a 40 Thousand Percent Rise!
After US presidential candidate Donald Trump was found guilty, many Trump-themed meme coins were created.
Donald Trump was found guilty of irregularities in the court held in Manhattan yesterday.
On-chain data and analysis account Lookonchain announced in a post on its Twitter account on May 31 that many TRUMP-themed meme coins were released in response to the case. A smart trader who traded in these meme coins named Free TRUMP (FREE) and Never Surrender (TRUMP). He made a profit of 972 thousand Solana (SOL) worth 167 thousand dollars in 5 hours by trading meme coins.
In addition, the trader, who spent $12.3 thousand to buy TRUMP, later sold with the price increase. The trader, who earned 54 thousand dollars worth of 315 SOL from his sale, made a total profit of 42 thousand dollars from this transaction.
40 thousand percent increase
According to Dextools data, the meme coin called Never Surrender (TRUMP) has shown a 40,400% increase in the last 24 hours, even though it has just been launched.
On the other hand, even though a 40% increase was seen in the data, many investors could not make maximum profits because they got involved later. In addition, since there is a total liquidity of 370 thousand dollars, sudden decreases may occur.