Donald Trump in crypto
#ma🚀 MAGA (TRUMP), the meme token inspired by former US President Donald Trump, has surged to a new all-time high, resulting in significant gains for patient investors. One such investor realized a profit of $15 million, marking a 28x increase in investment.
Spot on Chain's data reveals that this investor acquired 1.079 million TRUMP tokens, valued at $541,000 USDC, following Donald Trump's announcement of a potential presidential run last November. Despite the substantial profit, the investor chose to retain their holdings.
💥 "This trader's strategic investment in MAGA (TRUMP) has yielded remarkable returns (x28)! Purchasing 1.079 million TRUMP tokens for $541k USDT shortly after Trump's re-run announcement, the investor's current holdings are valued at $15.7 million, with an estimated profit of $15.3 million."
With TRUMP experiencing a 65.2% increase over the past week and a 19.5% surge in the last 24 hours, the token is presently trading at $14.7. Notably, Donald Trump also holds TRUMP tokens in his wallet, with the recent rise contributing to an increase in the wallet's value, now exceeding $11 million, according to Arkham data.
💬 "#MAGA $TRUMP investor reaps substantial gains (x28)!
• Initial investment: $541K USDT for 1.079M $TRUMP post-Trump's re-run announcement in Nov.
• Holding firm amidst significant market fluctuations (max potential profit if sold: $11M).
• Current holdings: $15.7M worth.