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!”
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Join us! X, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. You are responsible for all transfers and trading. own Risk is yours, as are any losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Generated Image DALLE3
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com