Action was taken with Donald Trump's Eventful News: Large Purchase in Meme Coin!

After Donald Trump was found guilty following the trial held in the USA yesterday, an investor purchased Meme Coin.

US Presidential candidate Donald Trump was found guilty in the trial held in Manhattan yesterday. Thereupon, Trump and Biden meme coins hosted great activity. Some investors took advantage of this movement and minted new meme coins, while others made money by buying and selling.

In the post shared on Twitter on May 31, on-chain analysis account Lookonchain included the purchase made by an investor after this activity.

The investor in question made a big purchase when there was a big movement in the meme coin called MAGA (TRUMP). The investor, who purchased 50,635 TRUMP at an average of $16.17, spent 218 Ethereum (ETH) worth $819 thousand.

According to CoinGecko data, TRUMP experienced a major decline after the conclusion of the case, then recovered and even exceeded its previous level. At the time of writing, TRUMP is trading at $13.74 with a 7.8% increase in the last 24 hours.