{"id":133131,"date":"2024-07-15T12:00:49","date_gmt":"2024-07-15T09:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133131"},"modified":"2024-07-15T10:00:04","modified_gmt":"2024-07-15T07:00:04","slug":"whale-profits-big-on-trump-token-amid-meme-coin-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/whale-profits-big-on-trump-token-amid-meme-coin-surge\/","title":{"rendered":"Whale Profits Big on TRUMP Token Amid Meme Coin Surge"},"content":{"rendered":"<p>This event occurred following a failed attack on former US President Donald Trump, which <strong><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-reaches-60000-after-shots-being-fired-at-donald-trump\/\">triggered<\/a><\/strong> a broader rally in meme coins.<\/p>\n<p>On-chain analysis from Lookonchain reveals that a large holder, <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1812666350332235905?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1812667810239394198%7Ctwgr%5E000ca450899aa040763d9198054d690ba51125d0%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fmaga-trump-whale-mints-8-3-million-in-profits-donald-trump-attack%2F\" rel=\"nofollow\">suspected<\/a> <\/strong>to be GCR (@GiganticRebirth), transferred over a million MAGA tokens valued at about $8.85 million to the BTSE exchange, realizing profits around $8.3 million. This wallet initially bought the tokens for approximately 540,700 USDT at an average price of $0.50 late last year.<\/p>\n<p>Another related wallet holds a substantial amount of TRUMP tokens, still unsold and sitting on significant unrealized gains. The boost in Trump\u2019s re-election prospects following the attack has positively impacted the crypto market, particularly Bitcoin and related assets.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133027\" href=\"https:\/\/cryptodnes.bg\/en\/shiba-inu-devs-give-their-first-ever-interview\/\" title=\"Shiba Inu Devs Give Their First Ever Interview\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/12\/shibainu232132131-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Shiba Inu Devs Give Their First Ever Interview<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>During the weekend, the price of the MAGA token spiked by 60%, reaching over $10 before correcting by 25% due to profit-taking. Despite this, the token remains up 42% for the week, with a market cap of $334 million. Trump is expected to speak at the Bitcoin 2024 Conference later this month, maintaining his pro-crypto stance.<\/p>\n<p>Alongside the MAGA coin, other meme coins experienced notable gains over the weekend, with the top ten seeing increases between 4-10%. Political events continue to create buying opportunities in the crypto space, with market watchers anticipating significant impacts from upcoming events like Trump\u2019s speech at the Bitcoin 2024 Conference.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent surge in the TRUMP token has allowed a significant investor to make substantial profits, according to on-chain data.<\/p>\n","protected":false},"author":3,"featured_media":29048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,424,234,289,108,122],"coin_category":[],"class_list":["post-133131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-crypto","tag-donald-trump","tag-meme-coins","tag-price","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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