As an experienced crypto analyst, I’m always on the lookout for promising opportunities in the digital currency market. The recent surge of MAGA (TRUMP) coin has caught my attention, particularly because of the substantial profits reaped by a savvy trader. According to reports, this individual invested $541,000 USDT to acquire over 1 million TRUMP tokens shortly after Trump announced his re-election bid last November. Today, their investment is worth an impressive $15.7 million, translating to a profit of over $15 million.
An experienced cryptocurrency investor has gained significant profits by placing strategic bets on the MAGA (TRUMP) meme coin during its recent price surge. This Solana-based political memorabilia crypto has reached new heights, setting an all-time record (ATH). The trader’s successful investments amount to over $15 million in profits as the MAGA coin’s value skyrocketed following Donald Trump’s recent legal triumph against President Joe Biden.
Smart Trader Nabs Massive Profit From MAGA Rally
I analyzed the trading data from Lookonchain and found that I invested $541,000 USDT to purchase 1.079 million TRUMP tokens right after the former President Donald Trump announced his re-election bid last November. Now, these tokens are worth approximately $15.7 million. This signifies a substantial profit of around $15.3 million for me, representing a remarkable 28-fold return on my initial investment.
In addition, the TRUMP token experienced a substantial increase in worth during a major market surge in April, allowing traders to make large profits by selling for an impressive $11 million. Nevertheless, keeping the TRUMP meme coin stash proved to be a profitable decision as the value surpassed its all-time high (ATH) today. This positive development comes on the heels of optimistic reports about Trump’s ongoing legal disputes.
The increase in TRUMP‘s value might have been reinforced by Donald Trump’s legal triumph on May 28, 2023. That day, Federal Judge Aileen Cannon rejected special counsel Jack Smith’s application for a gag order against Trump in the investigation concerning classified documents. Moreover, the judge publicly reprimanded the prosecution team for disregarding court guidelines.
The judge emphasized that Trump’s defense team’s attempts to collaborate with them were insufficient and lacked both substance and professional decorum. In her succinct ruling, Cannon called out the errors in the prosecutors’ procedures. She specifically noted their failure to engage in substantial discussions with Trump’s legal team prior to submitting the motion.
“I believe that since the Special Counsel’s filing failed to meet these fundamental conditions, it should be denied, without any prejudice against refiling later. The dismissal of Trump’s gag order motion is perceived as a tactical victory for him. This success fuels the optimism of his backers and may strengthen their belief in the MAGA stock’s upward trend.”
MAGA Price Hits ATH
The price of MAGA crypto surged by almost 30%, reaching a new peak of $15.51 on Wednesday, May 29. At the current moment, TRUMP coin experienced a significant increase of 20.06%, amounting to $14.47. The market value for this token, inspired by Donald Trump, was recorded at $637.66 million. Additionally, there was an elevated trading volume of $28.40 million within the last 24 hours for MAGA.
As a crypto investor, I’ve noticed an increasing optimism in the community regarding the possibility of a Trump victory over Joe Biden in the ongoing presidential election. This sentiment could potentially have positive implications for the price of MAGA tokens, given Trump’s association with the MAGA movement.
I’ve read that the Trump trial is nearing its end. However, I believe Trump will emerge victorious because the proceedings weren’t grounded in law violations but rather political persecution. The true criminals are the Biden family. Furthermore, it’s high time the FBI investigated Hunter Biden’s computer and ceased their focus on the Trump family.
The acclaimed investor expressed his view that the Trump family should be allowed to focus on what they excel in – generating wealth honestly, enriching people like us, and “Making America Great Again.” He then strongly criticized the situation by labeling it as the “political circus” and the “Biden family spectacle.”
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2024-05-29 14:46