As per the newest on-chain knowledge, a MAGA whale has not too long ago minted a staggering $8.3 million in earnings following the TRUMP worth rally over the past weekend. Following the failed assault on former US President Donald Trump over the past weekend, meme cash have been rallying even tougher.
MAGA Whale Books Big Profits
On-chain knowledge supplier Lookonchain reported {that a} TRUMP pockets, suspected to belong to GCR (@GiganticRebirth), has deposited a complete of 1.08 million MAGA tokens value a staggering $8.85 million to the BTSE alternate prior to now few hours. The whole realized earnings had been reportedly round $8.3 million.
This pockets initially spent 540,700 USDT to buy 1.08 million TRUMP tokens at a median worth of $0.50 between November 22 and December 4, 2023.
However, it seems that one other handle tagged “GCR: Address 1” continues to be holding 936,279 TRUMP cash value $7.23 million and has not offered but. This handle is presently sitting on a possible revenue of greater than $6.5 million.
Another handle tagged “GCR: Address 1” nonetheless holds 936,279 $TRUMP($7.23M) and has not offered it, with a revenue of greater than $6.5M!https://t.co/qGFbpGAuJW pic.twitter.com/16LpqJX61e
— Lookonchain (@lookonchain) July 15, 2024
The assault on Donald Trump final Saturday was in the end foiled which considerably boosted the re-election probabilities of the previous US president. With Trump projecting himself because the pro-crypto candidate Bitcoin and the broader crypto market registered a powerful rally.
During the final weekend, the MAGA (TRUMP) worth shot up by a staggering 60% capturing up all the best way above $10. However, following the revenue reserving by the whale, the meme coin has corrected almost 25% from the highest. On the weekly chart, MAGA nonetheless trades at a premium of 42% with a market cap of $334 million.
Interestingly, regardless of this assault, Donald Trump nonetheless stays dedicated to attending the Bitcoin 2024 Conference scheduled within the final week of July.
Also Read: Elon Musk and Justin Sun Endorses Donald Trump Post-Attack
Meme Coins Rally Harder
Along with the MAGA coin, different meme cash have additionally rallied strongly over the previous weekend. All of the highest ten meme cash are up by 4-10% within the final 24 hours.
Amidst the political turmoil, Politifi Tokens current a brand new shopping for alternative. Trump’s upcoming speech on the Bitcoin 2024 convention is now anticipated to have a fair higher influence in the marketplace.
Also Read: Trump Vs Biden Election Outcome Unlikely To Deter Bipartisan Support For Crypto
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