A trader bought this Altcoin and turned $11,000 into $3.07 million in 16 days, according to Onchain data
The cryptocurrency market may occasionally witness interesting data due to its high volatility.
According to data from Onchain, a cryptocurrency wallet managed to transform $16,400 into $3.07 million in just 11 days.
According to the data, the whale called Whalefud.eth, which joined the memecoin trend, bought the MAGA token 11 days ago and the token has risen 187x since then.
The MAGA token is actually an abbreviation of Donald Trump's electoral slogan, "Make America Great Again". Therefore, this memecoin has benefited from the fact that Trump has recently become extremely popular also in the world of cryptocurrencies.
The whale in question noticed the MAGA just 1 hour after the Trump memecoins began to be released and bought 5.34 billion MAGA for 3 ETH.
The portfolio bought another 56.8 million MAGAs paying 2 more ETH on May 21, when there was a fund in the price of the MAGA.
This whale currently holds $3.07 million in MAGA tokens.
However, although this whale was lucky, it is important to note that almost all investors who pursue memecoin in the cryptocurrency market have lost money.
The whale in question noticed the MAGA just 1 hour after the Trump memecoins began to be released and bought 5.34 billion MAGA for 3 ETH.
The portfolio bought another 56.8 million MAGAs paying 2 more ETH on May 21, when there was a fund in the price of the MAGA.
This whale currently holds $3.07 million in MAGA tokens.
However, although this whale was lucky, it is important to note that almost all investors who pursue memecoin in the cryptocurrency market have lost money.
Trump-themed cryptocurrencies were on the rise after the former U.S. president signaled that he would positively address Bitcoin and the overall cryptocurrency market if he were re-elected.
