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Elon Musk’s speech leads investor to profit US$ 113 thousand with cryptocurrencies
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After the attempted assassination of Donald Trump in Butler, Pennsylvania, the former president returned to the same location – and again, to campaign. But this time, billionaire Elon Musk participated in the rally, which took place last Saturday.
Although Musk has supported Trump for a long time, this was their first official appearance together, and Musk has once again supported Trump. As a result, a trader made US$113 in just 17 hours trading memecoins linked to the current Republican party candidate.
Trump’s second rally in Butler brought together thousands of Trump followers, where the special highlight was Elon Musk wearing a black hat with MAGA written in bold letters. The term is an acronym for Trump’s campaign motto, Make America Great Again.
However, that wasn’t all as Musk also expressed that “I’m not just MAGA. I’m dark MAGA,” which boosted not only Trump’s followers but also Trump-linked memecoins. The main one was MAGA, which rose sharply after Musk’s speech.
Elon Musk’s speech netted trader US$113,000
According to Lookonchain, a cryptocurrency investor made $113,000 just 17 hours after Elon Musk’s speech. The trader identified a highly profitable opportunity and invested US$360,000 in memecoins linked to the former president. There were 2.4 billion MAGA ($300,000) and 18,364 TRUMP ($60,000).
During the speech, Musk called for active voter participation in the upcoming US presidential election. At one point he declared: “If Trump doesn’t win, this will be the last election. That’s my prediction.”
During Musk’s speech, the price of TRUMP (MAGA) rose from US$3 to US$4.19, an increase of 30%. MAGA is currently worth $4.08 and has a market cap of $179 million.
Furthermore, there is a high demand for this token as the trading volume has increased by 137.5%, currently at $7 million.
At the same time, the price of another MAGA memecoin also increased, rising 36% in the last 24 hours and 113% for the week. This jump is mainly due to Elon Musk’s speech, when the price went from $0.0001118 to $0.0001689. Memecoin’s market cap is $58.3 million with a trading volume of $24 million.
Elon Musk’s speech leads investor to profit US$ 113 thousand with cryptocurrencies
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Elon Musk’s speech leads investor to profit US$ 113 thousand with cryptocurrencies
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Elon Musk’s speech leads investor to profit US$ 113 thousand with cryptocurrencies
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Elon Musk’s speech leads investor to profit US$ 113 thousand with cryptocurrencies