2024-10-7 11:10 |
In the wake of Elon Musk’s recent pro-Trump speech, investors have been eagerly pouring substantial sums into meme coins, particularly $TRUMP and $MAGA.
According to a post by Spot On Chain (@spotonchain), one trader has reportedly made an impressive $113K, reflecting a 31.5% increase, within a mere 17 hours by betting on these coins.
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Show more +Show less –Musk’s speech placed significant emphasis on the importance of voter registration, urging his audience to support Trump. He utilized alarmist rhetoric reminiscent of the former president’s style, declaring, “This is a must-win situation. Must win.”
He made a passionate plea to everyone watching: “There’s one request, it’s very important: Register to vote, okay, and get everyone you know, and everyone you don’t know.”
Read Also: Bitcoin Price Nears $64K – Why Is the Crypto Market Up Today?
Shortly after Musk’s address commenced, the trader made a bold investment, spending $360K in USDC to acquire 2.449 billion $MAGA tokens (worth $300K) and 18,364 $TRUMP tokens (valued at $60K).
These assets have since appreciated in value, now totaling $398K and $75.3K, respectively. The timing of these investments could not have been more fortuitous.
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The post Investors Pouring Serious Money Into TRUMP and MAGA Meme Coins Following Elon Musk Pro-Trump Speech appeared first on CaptainAltcoin.
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