US presidential candidate Donald Trump has made a 150x return from a memecoin riding his 2024 election success. The MAGA (TRUMP) coin, a nod to Trump’s ‘Make America Great Again’ catchphrase, has netted the former president $1.2 million as he waits to gauge the popularity of his new NFT collection.

The MAGA development team reportedly sent over $7,100 worth of TRUMP to Donald Trump between August and October last year. The coins are not endorsed by the former US president.

Trump Crypto Coin Increases After Win

According to blockchain intelligence platform Arkham Intelligence, Trump received 469,000 TRUMP on August 29, 2023, worth around $5,600. Around two months later, the former president received $1,500 worth of the token.

The wallet with TRUMP now holds roughly $2 million in crypto. The price of TRUMP in November was around $0.19. It trades for $2.05 and has a market capitalization of over $85 million.

The token’s price appears to rise and fall on Trump’s election success. In the past 24 hours alone, the asset has been up over 52% following the presidential candidate’s victory over Republican opponent Nikki Haley in the New Hampshire prima

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Author: David Thomas

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