Trump Broke a Record with Memecoin, Patient Investor Earned $15 Million

Memecoin, developed for former US President Donald Trump, provided a 28-fold return to an investor with the price record it broke today.

According to Spot On Chain data, an investor purchased 1.079 million TRUMP in exchange for 541 thousand USDC in November 2023.

Donald Trump came to the fore with his statements before the judge in November. Trump announced in November 2022 that he will participate in the 2024 presidential elections.

MAGA (TRUMP) token, inspired by Trump's "Make America Great Again" slogan during his first term, was launched on Uniswap in August 2023. The TRUMP token has a supply of 47 million, a reference to the hope that Trump will be elected the 47th US president in 2024.

According to CoinGecko data, TRUMP gained 80% in value in the last week and broke its own price record today.

The TRUMPs held by the investor, who has not sold his tokens since November, are worth $15.7 million. The investor's total earnings are estimated at $15.3 million.