Investors Pouring Serious Money Into TRUMP and MAGA Meme Coins Following Elon Musk Pro-Trump Speech
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 +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.”
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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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