A crypto trader has made a massive profit on a memecoin inspired by former President Donald Trump. The coin, called MAGA (TRUMP), has skyrocketed in value this year, and the trader, known as Gigantic Rebirth, cashed in big time.
From $0.50 to $7.21: A Huge Return
Gigantic Rebirth bought 1.08 million TRUMP tokens for about $0.50 each back in November and December 2023. Over the weekend, they sold all their tokens, making a profit of around $8.3 million. That’s a return of over 16 times their initial investment!
Another Big Winner
Another wallet associated with Gigantic Rebirth still holds a significant amount of TRUMP, worth about $7.23 million. This wallet has also seen huge gains, with profits exceeding $6.5 million.
TRUMP’s Explosive Rise
TRUMP’s price has surged over 63,000% since its all-time low in mid-October. The coin’s recent surge came after Trump survived an assassination attempt.
Important Note: This article is for informational purposes only and should not be considered investment advice. Always do your own research before investing in any cryptocurrency.
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