Crypto Trader Makes Millions on Trump-Themed Memecoin
19.07.2024 12:00 1 min. read Alexander Stefanov
A crypto trader made a massive profit on a Donald Trump-themed memecoin that has skyrocketed in value this year.
According to Lookonchain, a wallet linked to the trader known as Gigantic Rebirth (GCR) used $540,700 in USDT to purchase 1.08 million MAGA (TRUMP) tokens at an average price of $0.50 in late 2023.
Over the weekend, this wallet transferred all its TRUMP tokens to the BTSE exchange, resulting in an $8.3 million profit.
Another wallet, tagged “GCR: Address 1,” still holds 936,279 TRUMP tokens valued at $7.23 million, showing profits of over $6.5 million.
READ MORE:
Solana (SOL) Shows Resilience – What’s Next?
TRUMP, currently trading at $7.21, has seen a recent decline of 9.5%.
Despite this, the memecoin has surged over 63,000% from its mid-October low of $0.01136, especially after a high-profile incident involving former President Trump.
-
1
Dogecoin Whale Dump Sends Price Plummeting Amid Market Crisis
03.02.2025 16:00 1 min. read -
2
Ethereum’s Next Move Could Be Determined by These Critical Price Levels
08.02.2025 12:00 1 min. read -
3
Binance Unveils Seventh Altcoin for HODLer Airdrop and Upcoming Listing
05.02.2025 16:30 1 min. read -
4
Litecoin ETF Likely to Get Approval Before XRP, Says Bloomberg Analyst
03.02.2025 14:00 1 min. read -
5
Ethereum Price Plunge Sparks Debate Over Whale Manipulation
04.02.2025 19:30 1 min. read
Bearish Signal for Maker (MKR) Indicates Possible Pullback, Says Analyst
A well-known crypto analyst is warning that Maker (MKR), a prominent decentralized finance (DeFi) altcoin, may be heading for a correction based on technical analysis.
Ethereum Poised for Major Breakout, Analyst Predicts $10,000 Target
Ethereum (ETH) has made a notable recovery, surging over 12% since it dropped to $2,460 on February 3, following the broader downturn in the cryptocurrency market.
Here’s What’s Holding XRP Back and What Could Trigger a Breakout
XRP’s price remains stuck in a tight range as investors assess the fallout from the Bybit hack. Despite a broader selloff, the token has managed to hold above $2.5, though its recent price action suggests uncertainty.
Is Dogwifhat a Buy? Analyst Weighs Potential but Stays Cautious
A well-known crypto analyst sees potential in the Solana-based memecoin dogwifhat (WIF) but remains cautious.
-
1
Dogecoin Whale Dump Sends Price Plummeting Amid Market Crisis
03.02.2025 16:00 1 min. read -
2
Ethereum’s Next Move Could Be Determined by These Critical Price Levels
08.02.2025 12:00 1 min. read -
3
Binance Unveils Seventh Altcoin for HODLer Airdrop and Upcoming Listing
05.02.2025 16:30 1 min. read -
4
Litecoin ETF Likely to Get Approval Before XRP, Says Bloomberg Analyst
03.02.2025 14:00 1 min. read -
5
Ethereum Price Plunge Sparks Debate Over Whale Manipulation
04.02.2025 19:30 1 min. read
