Action was taken on the hectic news of Donald Trump: Big buy on Meme Coin!
After Donald Trump was found guilty following yesterday's trial in the United States, an investor bought Meme Coin.
US presidential candidate Donald Trump was found guilty at his trial in Manhattan yesterday. Immediately afterwards, the Trump and Biden meme coins saw a flurry of 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 analytics account Lookonchain included the purchase made by an investor following this activity.
The investor in question made a big purchase when there was a big move in the meme coin called MAGA (TRUMP). The investor, who bought 50,635 TRUMP at an average of $16.17, spent 218 Ethereum (ETH) worth $819,000.
According to data from CoinGecko, TRUMP experienced a major drop after the conclusion of the case, then recovered and even surpassed its previous level. At the time of writing, TRUMP is trading at $13.74 with an increase of 7.8% in the last 24 hours.
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