According to The Data Nerd, the performance of US election-themed meme coins has been strong, and MAGA Hat (MAGA) is one of them. 10 days ago, the smart money address 0xF42 spent 0.46 ETH (about $1,360) to buy 5.26 billion MAGA. A day later, he started selling at $242,000 and made a profit of $240,500 (a 180-fold return on investment).