Crypto supporter and US Presidential candidate Donald Trump has been found guilty on 34 felony counts by a jury in Manhattan. According to widespread reports and a press release from Manhattan District Attorney (DA) Alvin Bragg, the former president was found guilty yesterday on all counts of “falsifying New York business records in order to […]
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One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data. Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared. “Every time WIF […]
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Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.
The largest meme coin tied to United States presidential candidate Donald Trump has recovered after plummeting 16% moments after he was found guilty on 34 felony counts for falsifying business records.
The case related to Trump concealing a hush money payment to adult entertainment star Stormy Daniels, which will now move to sentencing.
Despite the conviction, Trump maintains his innocence and called the outcome of the trial a “disgrace.”
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork, including one leveraging Bitcoin’s Runes protocol for minting. Trump-Themed Meme […]
Following former President Donald Trump’s appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has soared more than 30% in the past day. Current statistics show that the meme coin TRUMP is the top-performing cryptocurrency over the last 12 months, boasting a 98,352.40% increase. TRUMP Meme Coin Skyrockets Post-Libertarian […]
New on-chain data reveals that one lucky trader is seeing a more than 86,000% gain on his Ethereum (ETH)-based memecoin investment. According to blockchain tracking firm Lookonchain noticed, one investor bought $6,500 worth of the MAGA (TRUMP) late last year and is now sitting on $5.6 million worth of funds. “The trader ‘waxl.eth’ turned $6,500 […]
The post Lucky Crypto Trader Sees Ethereum Memecoin Investment Surge in Value by a Staggering 86,000%: On-Chain Data appeared first on The Daily Hodl.
Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.
Trump-themed memecoin MAGA (TRUMP) surged as much as 78% on May 9 following Republican presidential candidate Donald Trump’s comments on cryptocurrencies.
Data from Cointelegraph Markets Pro and TradingView shows MAGA trading at $6, up 46% over the last 24 hours.
Its 24-hour trading volume has jumped 620% to rest at $281.8 million, and with a market cap of $281.8 million, TRUMP is ranked at position 248 at CoinGecko. At the time of publication, the token was the 13th largest memecoin by market capitalization.
Roughly 75 million MAGACOIN were created to support pro-Trump candidates in 2022.
The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach.
According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the project’s website.
The crypto is dubbed MAGACOIN after former President Trump’s “Make America Great Again” slogan. The project’s website claims that MAGACOIN was “created by America First Conservatives out of frustration with “Losing the Election” (the site has it in quotes) and “a desire to fight back by supporting MAGA candidates in 2022 and beyond” with profits from the coin.
An unnamed and self-described hacktivist told The Guardian that more than 1,000 people have signed up, including Republican figures and conservative media personalities, with the majority of hodlers having around 100 MAGACOIN.
The project’s creator, used car salesman Marc Zelinka, reportedly holds 2 million MAGACOIN, along with Reilly O’Neal, a pro-Trump consultant who is now operating the project.
Roughly 75 million MAGACOIN were created to represent the 75 million voters who were supposedly “disenfranchised on November 3rd, 2020” — the day of the U.S. election results in which Trump lost to Democrat Joe Biden. Trump supporters have since asserted without evidence that the election was rigged and have lost numerous court cases challenging the results.
The project is offering 100 MAGACOIN to anyone that signs up, and the hacktivist has claimed that the majority of users have that amount.
Some of the larger accounts are reportedly the result of marketing campaigns from the project, offering 1,000 MAGACOIN to media personalities, radio hosts, and grassroots groups in exchange for promoting the cryptocurrency.
An account holding 1,500 coins is associated with an email address of John Rush, the host of “Rush to Reason” on Denver’s KXL conservative talk station, along with a similar amount associated with Colorado Republican activist Evan Underwood, who is also the chair of the Colorado Federation of College Republicans.
Rush reportedly had the creator of the project, Marc Zelinka, on the show in a recent episode however Zelinka told the Guardian that “I don’t control it anymore” after he handed the reins over to prominent North Carolina-based political operative, Reilly O’Neal.
A super political action community (SuperPAC) is also tied to the project and called “MAGACOIN VICTORY FUND”, which has received a 10 million MAGACOIN donation to support “MAGA candidates across the country who will fight for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda.”
The SuperPAC’s mailing address is reportedly located at the same place several other firms and political groups operated by O’Neal.
Related: ‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
Despite MAGACOIN being a pro-Trump project, it is yet to be seen what the former president thinks of the project as he is known for being anti-crypto. Trump stated last month that “Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar.”
