đ„ Donald Trump-Inspired Meme Coins Skyrocket Over 500,000% Following Pro-Crypto Moves
Former US President Donald Trump recently made headlines with his strong support for the crypto industry, fueling a massive surge in meme coins inspired by him.
đž Trump-Inspired Meme Coins Experience Explosive Growth
The meme coin MAGA (MAGA), inspired by Trumpâs "Make America Great Again" slogan, surged approximately 162% in the past 24 hours. According to DEX Screener data, MAGA is currently trading at $0.0006501.
Lookonchain, an on-chain tracker platform, reported that a crypto trader earned $2.7 million in just three days by trading MAGA, achieving a 505% return on investment. The trader initially invested $537,500 to buy 6 billion MAGA on May 24 and 25, later selling 1.5 billion MAGA for 744,000 USDT to secure profits. The trader still holds 4.5 billion MAGA, now valued at $2.51 million.
Furthermore, MAGAâs variant on the Solana network saw an astonishing 534,000% increase over the same period, trading at $0.1811 with a market cap of $8.5 million at the time of writing.
This remarkable rise in Trump-themed meme coins is linked to Trump's recent pro-crypto political stance. Ahead of the upcoming election, Trump has made several statements supporting the crypto industry, stressing that the US should aim to be a leader in this growing sector. âI will ensure that the future of crypto and Bitcoin will be made in the USA. I will support the right to self-custody for the nationâs 50 million crypto holders,â he declared.
In a noteworthy pledge, Trump also promised to pardon Ross Ulbricht, the operator of Silk Road, if re-elected, vowing to commute Ulbrichtâs sentence to time served on his first day in office.
Over recent months, Trump has been actively engaging in crypto-focused political campaigns, including hosting an exclusive dinner with the non-fungible token (NFT) community. #meme #memecoins #Trump