{"id":589465,"date":"2024-10-21T10:40:22","date_gmt":"2024-10-21T10:40:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=589465"},"modified":"2024-10-21T10:40:22","modified_gmt":"2024-10-21T10:40:22","slug":"meme-coin-madness-trader-becomes-a-millionaire-with-96-bet-on-politifi-token-maga-trump","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/meme-coin-madness-trader-becomes-a-millionaire-with-96-bet-on-politifi-token-maga-trump","title":{"rendered":"Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A meme coin trader turned $96 into $3 million in just over a year trading Donald <\/span><span style=\"font-weight: 400;\">Trump<\/span><span style=\"font-weight: 400;\">-themed political token MAGA (TRUMP).<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">A Remarkable 32,000X Gain From A 0.052 ETH Bet On MAGA<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On-chain tracking platform Lookonchain shared the details of the impressive trade in an Oct. 18 post on X. According to the tweet, the trader spent only 0.052 <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-surge-20-this-week-as-ethereum-bitcoin-solana-nft-sales-soar-20\"><span style=\"font-weight: 400;\">Ethereum<\/span><\/a><span style=\"font-weight: 400;\"> (ETH), valued at around $96, to purchase 608,650 TRUMP on Aug. 12, 2023.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What can you do with $96?<\/p>\n<p>This guy made over $3M with only $96, a 32,000x return!<\/p>\n<p>He spent only 0.052 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($96) to buy 608,650 <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> on Aug 12, 2023, and started selling <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> for a profit 6 hours ago.<\/p>\n<p>So far, he has sold 6K <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> for 11.4 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($30K), leaving 594,564&hellip; <a href=\"https:\/\/t.co\/OacHY6a4RW\">pic.twitter.com\/OacHY6a4RW<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1847105367454765240?ref_src=twsrc%5Etfw\">October 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The trader appears to have diamond hands, and has only sold 6K TRUMP tokens so far for 11.4 ETH, worth around $30K. This means that the trader still has 594,564 TRUMP tokens.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of Lookonchain&rsquo;s post, the holdings were valued at approximately $3.06 million. However, the dollar value of the trader&rsquo;s TRUMP tokens has dropped to just below $3 million following a slight retracement since the tweet was made.<\/span><\/p>\n<h2>MAGA Price Surges 17,029%<\/h2>\n<p><span style=\"font-weight: 400;\">CoinMarketCap <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/maga\/\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> shows the MAGA price surged over 17,029% in the last year. Its positive momentum continued through the course of the last trading day, with the meme coin registering a 5% increase to trade at $4.20 as of 3:30 a.m. EST.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fit:3840:0:0:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2024\/05\/ethereum-eth-stock-charts-ethereumetf-etf-gID_7.jpeg@webp\" alt=\"Staked Ethereum Hits 27% of Supply as ETF Trading Start Looms - Decrypt\"><\/p>\n<h2><span style=\"font-weight: 400;\">Trump-Themed Tokens Buck PolitiFi Market Trend<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the last 24 hours, the market capitalization for political meme coins dropped a fraction, while tokens linked to former US president Donald Trump outperformed the sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pepe (TRUMP) posted the biggest gain with a 148% surge, while Pepe Trump (PTRUMP), MAGA PEPE (ETH) and Elon Trump (ET) all recorded strong gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the US presidential election less than 3 weeks away and the hype around Trump tokens, investors might want to check out a new political meme coin by the name of <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/freedumfighters\" rel=\"nofollow\"><span style=\"font-weight: 400;\">FreeDum Fighters (DUM)<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token has raised over $208K through its ongoing presale in just a few days since it launched. It offers buyers the chance to stake their tokens by &rdquo;voting&rdquo; for either Trump or Democratic rival Kamala Harris. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those who vote\/stake for Trump can earn an annual staking yield of about 496%, while those voting\/staking for Harris can earn a massive 1,866% annual return. The staking yields show that token holders favor Trump by a wide margin.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/new-politifi-coin-freedum-fighters-raises-100k-in-1-hour-as-trump-and-maga-whales-buy-in\"><span style=\"font-weight: 400;\">New PolitiFi Coin FreeDum Fighters Raises $100K In 1 Hour As $TRUMP And $MAGA Whales Buy In<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/memefi-mania-everything-you-need-to-know-about-memefis-50m-user-boom-token-airdrop-and-exchange-listings\"><span style=\"font-weight: 400;\">MemeFi Mania: Everything You Need To Know About MemeFi&rsquo;s 50M User Boom, Token Airdrop, And Exchange Listings<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-october-20-theta-network-aptos-internet-computer\"><span style=\"font-weight: 400;\">Best Cryptocurrencies to Invest in Right Now October 20 &ndash; 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A Remarkable 32,000X Gain <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":530177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-589465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP) - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"A meme coin trader turned $96 into $3 million in just over a year by betting 0.052 ETH on the Trump-themed MAGA token.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP)\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-21T10:40:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/MAGA-Feature-Image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steven Walgenbach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@__CryptoSteve\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven Walgenbach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465\"},\"author\":{\"name\":\"Steven Walgenbach\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/87782b69af094c4f9a428f68ec30855a\"},\"headline\":\"Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP)\",\"datePublished\":\"2024-10-21T10:40:22+00:00\",\"dateModified\":\"2024-10-21T10:40:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465\"},\"wordCount\":412,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/MAGA-Feature-Image.png\",\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/589465\",\"name\":\"Meme Coin Madness: Trader Becomes A Millionaire With $96 Bet On PolitiFi Token MAGA (TRUMP) - 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