Meme Coin TRUMP Rises Nearly 75% in the Past Two Weeks, Some Early Traders See Gains Exceeding 1600%

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PANews2024/05/22 08:25

By:PANews

PANews reported on May 22, according to CoinDesk, Nansen's analysis indicates that the PoliFi token sector is at the forefront of the convergence of politics, finance, and cryptocurrency. Trump-themed tokens have seen a significant surge in the past few weeks, creating a new batch of millionaires. Although the issuance of TRUMP tokens is not directly related to former U.S. President Donald Trump, traders view these tokens as speculative bets on his ongoing presidential campaign.

According to CoinGecko data, the Meme coin MAGA (TRUMP) token has risen nearly 75% in the past two weeks. On Tuesday, Trump's campaign team announced that they would start accepting cryptocurrency donations (including Bitcoin, Ethereum, Dogecoin, and SHIB), causing the token price to rise by 14%. In the process, some addresses holding MAGA (TRUMP) have unrealized gains exceeding 1600%. One of these addresses holds tokens worth over $5.5 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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