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Crypto News – Understanding the Rise of Trump-Themed MAGA Memecoin

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Crypto News - Understanding the Rise of Trump-Themed MAGA Memecoin

Crypto News – Trump-Themed MAGA Memecoin Soars After Former US President’s Remarks

Crypto News – Following Republican presidential candidate Donald Trump’s remarks about cryptocurrencies on May 9, the Trump-themed memecoin MAGA (TRUMP) saw a 78% increase in value. MAGA is currently trading at $6, up 46% over the previous day, according to data from TradingView and Cointelegraph Markets Pro. CoinMarketCap, on the other hand, indicates that the coin’s current price is $5.75, down 0.19%.

Trump Underlines His Crypto-Friendly Attitude

TRUMP is ranked 248 on CoinGecko with a market cap of $281.8 million. Its 24-hour trading volume has increased by 620% to $281.8 million. On May 8, Trump gave a speech at the Mar-a-Lago resort in Palm Beach, Florida, during an NFT dinner he threw for the owners of his digital artifacts.

Can we donate to the Trump campaign using crypto? I believe the answer is yes. If you can’t, I’ll make sure you can.

Trump

Assuring the attendees that he was in favor of cryptocurrency, Trump made claims about how the current administration of US President Joe Biden and the US crypto sector were against it.

I’m fine with it. I want to make sure it’s good and solid and everything else. But I’m good with it. And if you like crypto in any form (and it comes in many different forms), if you are in favor of crypto, you better vote for Trump.

Trump

FAQ

MAGA Coin was Introduced When?

In August 2023, the MAGA meme coin was introduced as a new cryptocurrency.

What does the Word “Maga” Mean?

Donald Trump made the political slogan “Make America Great Again” popular. 

Is Donald Trump Supporting Cryptocurrencies?

In 2019, Trump stated on Twitter, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” However, he has issued his own NFT and made cryptocurrency investments since leaving office.

For more up-to-date crypto news, you can follow Crypto Data Space.

Crypto News - Understanding the Rise of Trump-Themed MAGA Memecoin
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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