💥 Donald Trump-Inspired Meme Coins Skyrocket Over 500,000% Following Pro-Crypto Moves
Former US President Donald Trump recently made headlines due to his bold political moves, particularly his continuous support for the crypto industry.
This support sparked a surge in meme coins inspired by him, leading to fantastic gains in the market.
🔸 Meme Coins Inspired by Trump See Massive Gains
MAGA (MAGA), a meme coin inspired by Trump’s campaign slogan “Make America Great Again,” increased by approximately 162% in the last 24 hours. DEX Screener data reveals it is now trading at $0.0006501.
The on-chain tracker platform Lookonchain reported that a crypto trader made $2.7 million in just three days by trading MAGA. They achieved a return on investment (ROI) of 505%.
The trader initially spent $537,500 to buy 6 billion MAGA on May 24 and 25, then sold 1.5 billion MAGA for 744,000 USDT to take profits. Currently, the trader holds 4.5 billion MAGA, valued at $2.51 million.
Additionally, MAGA’s spinoff on the Solana network recorded an extraordinary increase of 534,000% over the same period. At the time of writing, it is trading at $0.1811 with a market capitalization of $8.5 million.
A notable increase in these meme coins might be attributed to Trump’s latest political move. Trump made several pro-crypto statements before the upcoming election. He strongly supported the crypto industry, emphasizing that the US must strive to be a global leader in this growing sector.
“I will ensure that the future of crypto and Bitcoin will be made in the USA. I will support the right to self-custody to the nation’s 50 million crypto holders,” he stated.
Remarkably, the former US president also pledged to pardon Ross Ulbricht, the operator of Silk Road, if re-elected. Trump promised to commute Ulbricht’s sentence to time served on his first day in office.
For the past months, Trump has been making crypto-focused political campaigns, such as hosting an exclusive dinner with the non-fungible token (NFT) community.
