CandleFocus Memecoin Trader Makes $113K Profit After Elon Musk’s Pro-Trump Speech
2024-10-07
Author: Content Editor
A trader made a $113,000 profit in just 17 hours by betting on memecoins $TRUMP and $MAGA after Elon Musk's pro-Trump speech. The trader purchased 2.449 billion $MAGA tokens for $300 and 18,364 $TRUMP tokens for $60. The value of these holdings quickly increased, reaching $398,000 for $MAGA tokens and $75,300 for $TRUMP tokens. The trader's overall position grew to $473,300, representing a 31.5% gain. This demonstrates the speculative nature of memecoins and the importance of timing and market sentiment.
Related News
Fireblocks Announces Integration of IOTA EVM to Facilitate Institutional Users Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure El Salvador’s Bonds Spike Despite Bitcoin Criticism Popcat (POPCAT) whales buy near all-time high Bitcoin price faltered at $64K again — Here is why Sen. Elizabeth Warren to debate crypto lawyer John Deaton twice this month Institutional investors reduce Bitcoin short positions Fold Awaits SEC Approval for Landmark Bitcoin IPO Crypto Eyes Rally As Expert Predicts Accelerated Fed Rate Cut Despite Strong Job Data Should You Invest in The Graph (GRT)? Charts, Stats, Analysis for 2024 Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell? Jefferies keeps 5% Bitcoin allocation amid concerns over USD stability Bitcoin's latest dip below $60K signals market stabilization amid geopolitical tensions – Bitfinex Meme Coin Trader Who Turned $800 Into $10 Million Roundtrips Unreal Gains Institutional Crypto Products See $147,000,000 in Outflows After Stronger-Than-Expected Economic Data: CoinShares Santiment Reveals 10 Altcoins Experiencing Whale Activity Boom Getting to know the leading candidates to be named as Bitcoin creator Satoshi Nakamoto by HBO SUI Price Teases $2 Breakout as Daily Transactions Surge 112%; ATH Next? Musk: Polymarket ‘more accurate than polls, as actual money is on the line’ Dogwifhat Price Eyes 50% Surge As Buyers Break 190-Day Resistance China Meeting That Could Profoundly Affect Bitcoin Is Very Close – Here is the Day and Time to Watch Dogwifhat (WIF) Price Could Surpass $3 If This Pattern Continues DFK Colosseum Sees Over 33,000 Heroes Bridged in Just Three Days Analyzing the Top Cryptocurrency Investments by Fees Elon Musk's Satoshi Theory Might Be Proved True This Week MicroStrategy Surges to 6-Month High as Bitcoin Wrestles With Key Moving Average Crypto Betting Has Turned HBO's Satoshi Nakamoto Reveal Into a 'Sporting Event': Director EigenLayer eyes consumer adoption post EIGEN unlock, founder says Bitcoin’s $800 Million Surge Sparks Concerns Over Market Stability Tron Protocol Skyrockets 1000% Since September 2022 ECB official proposes unified European ledger for digital assets $DOGS and $NOT Set to Burn Tokens Worth $4M in Community-Led Event CleanSpark Restores Bitcoin Mining Operations, Surpassing 28.7 EH/s After Hurricane Helene AI Cryptos Spike as Broader Market Stays Flat, Sector Nears $30B Milestone Millions in Altcoins Set to Unlock This Week, $TKO Leads with $7.99M in Value A Crypto Whale Swaps $139K for 2.1B MOODENG Tokens FET Flashes Buy Signal, but May First Decline by 50% Bittensor (TAO) leads AI token rally with 160%+ monthly gain Report: No authority in the world can freeze XRP 1 in 4 Solana VC startups from 2022 have already failed BabyDoge and Alltoscan Join Forces to Revolutionize Blockchain Experience Vitalik Buterin: “I appreciate all the memecoins that donate portions of their supply directly to charity” Ripple CTO Praises Elon Musk's Key Product My Friend, Satoshi? Why the US election could put a timer on this bitcoin bull market Bullish Bitcoin Halving Impact Yet to Play Out, Says Top Analyst Ethereum Layer-2 networks face significant declines while Base sees record growth Sui price soars as Bybit adds SUI on Launchpool Bitcoin Rejected at $64K, So What Happens Now? Analysts Announce Risky Levels for BTC, Share Their Expectations! Litecoin Network Secures 1.23 PH/s Hashrate and 75M Supply Milestone Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA BREAKING: Judge Approves FTX Bankruptcy Plan, Repayments Can Begin LUNC Could See a 545% Surge, Analyst Predicts a Major Move Binance-Listed Altcoin Continues to Bleed: Internal Disturbances Started The Legendary Investor Who Earned Millions of Dollars from PEPE Now Bought This Altcoin! What Other Altcoins Does He Have? Here Is His Jaw-Dropping... Golden Cross signals a bull market as Bitcoin prepares for a surge Top NFT Collections: Bitcoin Puppets Hits $392K in Daily Trading Volume Tether Celebrates 10 Years of Global Adoption and Stablecoin Dominance with Over 350 Million Users Worldwide Bancolombia to launch WeniaCard to facilitate cryptocurrency payments Bitcoin price could retest all-time high soon; analyst predicts Memecoin Trader Makes $113K Profit After Elon Musk’s Pro-Trump Speech US agency warns against crypto-hungry Trinity ransomware Robinhood CLO has shot at SEC chair: report Bitcoin miner Riot open to AI opportunities if the right deal comes along: Bernstein Symbiotic X hacked, malware is infecting SVG files: Crypto-Sec Crypto disclosure firm Bluprynt releases standards to help token issuers comply with EU rules Prediction markets like Polymarket a ‘public good,’ more accurate than polls Pepe Price Eyes 50% Surge This Week? What’s Next Ahead? Ethereum remains whitehat hackers' blockchain of choice, with Polygon, Arbitrum, Optimism and Solana on the rise: Immunefi What’s New in DePin? Bitget Wallet Integrates Grass, InFlux and Akash Launch Web3 Advocacy Group, and More Bitcoin (BTC) Price Faces Tough Road to $70,000, Key Indicators Reveal Just In: National Bank Of Bahrain Launches Bitcoin Investment Fund Crypto adoption on track to hit 8% by 2025: Report Dogecoin (DOGE) Brutally Denied at $0.11: What's Next? XRP Rockets 66% in Volume as Bulls Take Charge DOGE, PEPE and WIF Stunned by This Meme Coin Liquidation ADA vs. Bitcoin: Analyst Predicts 90% Drop for Cardano Inverse Head-and-Shoulders Pattern in Altcoin Season Index Hints at Bullish Breakout BNB Price Prediction: 2 Reasons Why Binance Coin Is Up 16% In A Week XRP Long Traders Seek $0.66 Target Despite Bearish Market Signals 3 Ethereum Rivals to Flip $100 to $1000 in 'Uptober' Rally Supreme Court won’t stop sale of 69,370 Silk Road bitcoins 'Money out of Crypto into China': CNBC's Jim Cramer Sounds Alarm How Terra collapse nearly killed algorithmic stablecoins 3 Crypto Airdrops for the Second Week of October: Here’s What to Know Meme Coin Season Is Back: POPCAT, MOG, and NEIRO Lead Rally Bitcoin (BTC) Price Reclaims $64K Following Saylor’s “Winning” Message Ethereum (ETH) Price Might Tank 15%: Here’s Why Finance experts predict Bitcoin price for Halloween 2024 Crucial BONE Statement Made by SHIB Team JPMorgan Announced: These Will Determine the Price of Cryptocurrencies in the Coming Months Ethereum Proposal Could Increase Throughput by 50% Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend 21.co and Crypto.com team up to improve wrapped Bitcoin liquidity SPX Tops the Charts This Week Jumping 193%, CVC and FTT Also See Gains Crypto startup Layer secures $6m to solve limitations of smart contracts IOTA News: Bullish Outlook for Q4 and 2025 as Supply Chain Adoption Grows BTC, ETH and XRP Price Prediction for October 7 Telegram a haven for crypto launderers and fraudsters, reports UN FET Gears Up for Gains: Bullish Momentum Eyes $1.8 Breakout Shiba Inu Full Send Loading as Breakout and Backtest Completed: Analyst Investor Dan Tapiero Says Bitcoin Primed To ‘Launch’ if BTC Breaks One Major Resistance Level ADA and BNB Price Prediction for October 7 Bittensor (TAO) is the most hyped AI token, but is the price rally sustainable? Pi Network token IoU jumps as mainnet launch hopes rise Will Bitcoin's Rise Continue? According to Analyst, This Level Is The Key Point For The Rise! AT&T security flaws exposed by Chinese hacks and crypto thefts Ethereum Price Shows Sign of Life After 'Bull Post' From Vitalik Buterin Cardano and Solana Set to Unlock $85M+ Within This Period Traders Think They Know Who Satoshi Nakamoto Is—So They're Buying Meme Coins Based on His Cat Shiba Inu (SHIB) Price Gives Advantage to Whales: Details BNB Open Interest Falls $100 Million, Yet Price May Still Rise Institutional Liquidity: The Common Pitfalls Retail Brokers Face FBS Analysts Examine the Impact of US Interest Rate Cut on the Crypto Market EOS Network Reaches New All-Time High for Total Value Locked (TVL) Charles Hoskinson Insists Cardano Is Still ‘Number 1’ Despite ADA’s Underperformance Fireblocks Integrates IOTA EVM 2.07 Billion Dogecoin in One Week – What's Happening? Kicking the tires on this bitcoin bull market Is Things Getting Better for Bitcoin? How Will Critical Data Coming From the US This Week Affect BTC and the Market? Analysts Explained! The Sandbox reveals what Alpha season 4 has in store for players Bitcoin Market Momentum Rebounds: STH Cap Ratio Signals Investor Optimism Mayor of Rockdale says Bitcoin mining saved the town’s economy Binance Research: surpassed $12 billion in the bull market of RWA tokens Cardano (ADA) Investors Pinning Hopes on $1.87 Billion Profits May Be Expecting Too Much Ripple Price Analysis: Is XRP Headed for a Drop to $0.5? Expert Says XRP Will Do Nothing Significant Until This Happens Altcoins Signal Bullish Momentum as Market Cap Shows Higher Lows Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain Questionable The NEAR protocol improves the user experience! Ethereum Founder Vitalik Buterin Mentioned Two Surprise Altcoins, Prices Sudden Jump! $57 Million Bitcoin Dump Stuns Largest Crypto Exchange, Binance Bitcoin (BTC) Price Prediction for 07 October Solana's Next Move: Bullish Breakout or Bearish Breakdown? Should XRP Get Ready for Death Cross? Price Analysis PEPE’s 30% Rally at Risk as Whales Return but Conviction Wavers Shiba Inu Price Set to Surge 650% to $0.000112, Expert Predicts with Fibonacci Analysis Analyst Predicts Bullish Future for Cardano (ADA), $5 Target The Notion of Aggressively Dovish Fed Fades as U.S. Inflation Report Looms TRON Finds Support Above $0.153 Despite Slide Satoshi Nakamoto's Identity Should Never Be Revealed, Anthony Pompliano Hints ? Bitcoin Price Nears $64K: What's Next? Addresses holding over $1m in Bitcoin increased by 2k in 5 days The future of DeFi is Bitcoin, and developers can’t afford to miss it | Opinion Sui’s 85% Surge in Transactions Sets Stage for $2 Breakout Dogecoin (DOGE) May Rally 200% If This Trend Plays Out Can Solana Hold Support or Plunge Below $140 Amid Market Volatility? Europe not in top priority for Sam Altman’s Worldcoin: Report Market Expert Says It’s Literally Impossible for Shiba Inu to Hit $0.01 SEC Exec Who Signed off on Ripple Case Appeal Facing Bar Complaint Which countries are winning the crypto race? Global crypto adoption index insights Ripple (XRP) Price Prediction for This Week Shiba Inu Ready for Breakout: Analyst Targets $0.00047 Based on Buy Signals Crypto sponsorships with Premier League reach record high amidst gambling sponsor ban Shiba Inu (SHIB) Price Prediction: How High Can it Go This Week? 5 Altcoins with Thriving Communities and Strong Potential Crypto trader makes $4.4 million in a month trading this meme coin Expert Forecasts XRP and Solana Prices if BTC Hits $120K Bullish Week Ahead for Bitcoin as Derivatives Points to $72K Breakout Australians considered “easy prey” for crypto scam call centers Will SUI Breakout Fuel a 50% Rally to $3 This October? Bitcoin to Face This After “Uptober”: “$1 Million BTC” Samson Mow Solana Founder Reveals Secret Behind Meme Coin Success 3 Altcoins to Watch in the Second Week of October 2024 TON-based wallet drainer shuts down, eyes Bitcoin GSR Markets Withdraws $1.11M Worth of ARKM from Binance and OKX TRON Emerges as the Fastest Blockchain, Led by Stablecoin Transfers POPCAT hits new ATH with 19% surge despite mixed signals Investor Nets $334,000 Profit as NEIRO Rallies 48%: Here’s the Strategy Behind It Crypto ETP giant 21Shares urges European regulator to bring regulatory clarity Bitcoin miners show mixed performance in September amid market volatility Bitcoin (BTC), Ethereum (ETH) and Solana (SOL): How Are the Biggest Assets Doing? Here’s What Analysts Say India’s officials probe crypto exchange WazirX over $235m hack: report ENS Domain Registrations Drop 22.9% in September Bitget pledges compensation for BGB holders following 50% price drop Whale Activity Could Push Toncoin (TON) 27% Higher, But Risks Remain Aptos (APT) leads the $451 million token unlock this week $147 million exits global crypto funds, ending three-week inflow streak: CoinShares Attention: 5 Altcoins See Trading Volume Explode in South Korea – Here’s the List APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? Trader Who Nailed Bitcoin Pre-Halving Correction Outlines Worst-Case Scenario for BTC – Here’s His Outlook Len Sassaman Gets the Memecoin Treatment Ahead of HBO Bitcoin Creator Documentary Trump leads Harris by 2.2% on Polymarket; Elon Musk calls it ‘more accurate’ than polls Purchasing Power Parity (PPP): Comparing Global Prices, Living Costs, and Crypto’s Role WLD Price Soars 20%, Aiming For $2 Breakthrough Towards Recovery Bitcoin Price Ready to Resume Gains: Can the Uptrend Return? Bitcoin, Asian Equities May Be Losing Capital to China Stocks Can Solana Price Reach $180 After Breaking Out Against ETH? XRP Price Eyes Breakout: Will It Recover Lost Ground? Japan’s Metaplanet buys an additional $6.7 million in bitcoin, raises total holdings to over $40 million Here’s How Much Shiba Inu Needed to Make $100K, $500K and $1M if SHIB Hits $0.00008, $0.00014 and $0.001 Bitcoin Price Prediction – BTC Price Estimated to Reach $ 73,742 By Oct 11, 2024 Notcoin Consolidates: Holders Eye Potential Gains Up to $145 Million After Breakout Market Analyst Expects Bitcoin to Surge 84% to $116,600 Expert Says XRP Surging 8,387% to $44 is Conservative, Backs Claim with Fibonacci Analysis Dogecoin (DOGE) Leaps Higher: Can The Momentum Last? ONDO Breaks Out from a Falling Wedge and Holds Key Support: A Major Price Move on the Horizon? Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform VeChain Wave 3 Surge Begins: Strategic Selling Points to Maximize Gains PeckShieldAlert Reports $5.87M Hack on EigenLayer, Stolen Funds Traced to HitBTC and Kraken Bitcoin climbs near $64,000 as analyst says US economy in ‘Goldilocks’ state Bitcoin ‘still the best-performing asset’ after weak Q3: NYDIG DHS says it thwarted over 500 crypto ransom attacks in 3 years Ethereum Price Back Above $2,500: Is a Bigger Move Coming? Moo Deng Price Crashes 60% in a Week Due to This Reason Shiba Inu (SHIB) Hiding Enormous Potential, XRP Could Be Back, but There's Catch, Vital Bitcoin (BTC) Moving Averages Cross Coming Ripple Ruling Strengthens Coinbase’s Appeal in Ongoing Legal Battle With SEC