The MAGA memecoin has seen drastic price rallies following pro-crypto comments from Republican presidential candidate Donald Trump.
A savvy trader made a $2.7 million profit in just three days on the Donald Trump-themed MAGA (TRUMP) meme token.
The memecoin trader, known as wallet “0x303” spent over $535,000 to buy six billion MAGA tokens on May 25, making an over 505-fold return on his initial investment, according to a May 27 X post by Lookonchain:
The savvy trader’s wallet is made up entirely of MAGA tokens, which are up over 82% in the past 24 hours. The wallet is currently worth over $2.2 million and was worth over $4 million just a few hours ago, around 7:00 am UTC, according to CoinStats data.
