CandleFocus

Memecoin Trader Makes $113K Profit After Elon Musk’s Pro-Trump Speech

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.

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