On-chain data shows that a lucky trader has seen a gain of more than 86,00% on his Ethereum.ETHInvestment in memecoins based on.
Lookonchain, a blockchain tracking firm, has noticed that one investor. bought MAGA is worth $ 6,500.TRUMPIt has now accumulated $5.6 Million in assets.
“The trader ‘waxl.eth’ turned $6,500 to $5.6 million with TRUMP, a gain of 870x! He spent $6,500 to buy 2.08 million TRUMP via two wallets and sold 1.24 million TRUMP for $902,000, with 832,000 TRUMP ($4.7 million) left.”
MAGA is a memecoin that was created in August 2023 based off of former US President Donald Trump. It currently has a value of $298.3 Million, which makes it the 234th most valuable digital asset. TRUMP, at the time of this writing is worth $6.40. This represents a 51.9% increase in just 24 hours.
Trump is reported to have made some significant changes that caused the sudden rise in price. pro-crypto remarks On May 8, he held a dinner in Mar-a-Logo to thank supporters for purchasing non-fungible (NFT) tokens from his website. “Mugshot Edition” collection.
Trump revealed that his presidential campaign would accept cryptocurrency donations during this event.
Lookonchain noticed A trader has made $4.4M in profits by buying TRUMP. He bought hundreds of thousands after December 2023.
“The address tagged ‘GCR: Address 1′ spent 703,460 USDT to buy 936,279 TRUMP at $0.75 from December 8th, 2023 to January 18th, 2024, and now has a floating profit of $4.4 million!”
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Source: dailyhodl.com
