After the assassination attempt on Donald Trump: One of the whales of the MAGA meme made profits exceeding $8 million!
In the wake of the failed attack on former US President Donald Trump, meme-themed cryptocurrencies have risen significantly.
According to Lookonchain, the TRUMP wallet, believed to belong to GCR (@GiganticRebirth), recently deposited 1.08 million MAGA worth $8.85 million on BTSE.
Reports indicate that the profits achieved amounted to approximately $8.3 million.
This portfolio began by purchasing 1.08 million MAGA at an average price of $0.50 between November 22 and December 4, 2023, for a total cost of 540,700 USDT.
It is worth noting that another address marked “GCR” still holds 936,279 MAGA coins worth $7.23 million that have not yet been sold, allowing for a profit of over $6.5 million.
After thwarting the attack on Donald Trump last Saturday, this greatly enhanced the former US president’s chances of being re-elected.
As a result, the value of Bitcoin and the cryptocurrency market in general has risen.
Over the weekend, the price of MAGA (TRUMP) rose 60% to over $10.
However, after profit-taking by whales, the coin corrected by 25% and retreated from its highs.
Over the course of the week, MAGA's price is still trading up 42% with a market cap of $334 million.
