Crypto trader “whalefud.eth” has made an astonishing profit of $3.07 million in just 11 days by strategically trading the Trump-themed meme coin, $MAGA. This impressive gain was achieved through careful analysis and decision-making.
Ever since Donald Trump expressed his support for cryptocurrencies, the MAGA Coin (TRUMP) has experienced a significant surge in price, with a remarkable increase of 144%. In the past year alone, MAGA Coin has gained over 98,000% and reached an all-time high of $13.29.
Interestingly, Trump himself holds a substantial amount of MAGA Coins in his wallet, totaling 579,290 coins, which are currently worth approximately $6.69 million. In just one day, the value of his holdings increased by $1.6 million.
The trading journey of “whalefud.eth” began on May 16, 2024, when they quickly recognized the potential of the $MAGA token. With an investment of $16.4K, the trader acquired a staggering 5.34 billion MAGA tokens by swapping 3 ETH. Taking advantage of a temporary price drop on May 21, the trader further capitalized on the opportunity by exchanging 2 ETH for $56.8 million MAGA tokens.
As the hype around the $MAGA token grew stronger, its value continued to rise. At the end of the 11-day period, “whalefud.eth” found themselves holding a total of $5.39 billion $MAGA tokens, which translated into a remarkable profit of $3.07 million.
Apart from its impressive market performance, Trump Coin has gained popularity due to Donald Trump’s vocal support for cryptocurrencies and self-custody rights. Additionally, the MAGA Token has established its credibility through 41 consecutive weeks of donations, amounting to $1,235,543. With a community of over 45,000 holders, MAGA Token has successfully made its mark in multiple chains.
