Crypto News Today- Pro-Crypto Policies Send Donald Trump Meme Coins Skyrocketing Over 500,000%

Following Pro-Crypto Statements, Donald Trump Meme Coins Experience a 500,000% Jump

Crypto News– Former US President Donald Trump recently made headlines with his bold political moves, especially his ongoing support for the crypto industry. This endorsement has ignited a surge in meme coins inspired by him, resulting in spectacular gains in the market.

Trump-Themed Meme Coins Skyrocket in Value

MAGA (MAGA), a meme coin inspired by Donald Trump’s campaign slogan Make America Great Again, has seen a remarkable increase of approximately 162% in the last 24 hours. According to DEX Screener data, MAGA is now trading at $0.0006501.

On-chain tracking platform Lookonchain reported a notable success story involving a crypto trader who made $2.7 million in just three days by trading MAGA. This trader achieved an impressive return on investment (ROI) of 505%.

The trader initially invested $537,500 to purchase 6 billion MAGA tokens on May 24 and 25. They then sold 1.5 billion MAGA for 744,000 USDT to secure profits. Currently, the trader still holds 4.5 billion MAGA tokens, which are valued at $2.51 million.

Additionally, MAGA’s spinoff on the Solana network has experienced 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.

This remarkable surge in the value of these meme coins can be attributed to Donald Trump’s recent political moves. As reported by BeInCrypto earlier this weekend, Trump made several pro-crypto statements ahead of the upcoming election. He expressed strong support for the cryptocurrency industry, emphasizing that the United States must strive to become a global leader in this rapidly growing sector.

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