Over the past 9 hours, the wallet address known as Gigantic Rebirth has generated a substantial profit of $8.3 million. This profit was obtained by selling 1.08 million tokens of the memecoin MAGA (TRUMP).
The wallet with the address 0x4Ab sent the tokens to the BTSE exchange in three separate transactions, motivated by the assassination attempt on Trump. GCR sent TRUMP tokens to the MAGA (Trump) wallet, which had an estimated value of around $87.7 thousand.
Gigantic Rebirth initiated the acquisition of MAGA tokens between November and December 2023, expending a total of 540,700 USDT to procure them at an average price of $0.5. This investment has yielded a remarkable profit of up to 1538% over the past 8 months.
The price of the TRUMP token had a substantial increase of 17.59% on July 14th, and over the course of the past year, it has demonstrated a remarkable price performance with a jump of 45517%. The price of the token has experienced significant increases over the previous two months.
However, in the recent hours, all memecoins related to Trump have had price reductions as a result of growing speculations regarding the credibility of an alleged assassination attempt on Trump.
The TRUMP token experienced a 3.28% decrease in value over the course of one day, while its trading volume increased by 1.15% in the past 24 hours.
The former president’s robust endorsement of the cryptocurrency community throughout his election campaigns has resulted in the creation of numerous memecoins centered around Trump on platforms such as Solana and Ethereum.
