Recent data from Santimentfeed reveals a significant surge in active $MAGA addresses, skyrocketing nearly 300% from 626 on Saturday to 2,498 on Monday.
This increase in activity supports a bullish outlook for the memecoin, reflecting heightened investor interest and market engagement.
💻 @santimentfeed data reveals an increase in active $MAGA addresses, jumping nearly 300% from 626 on Saturday to 2,498 on Monday! 🚀
This increase in activity supports a bullish outlook for the #memecoin.#Trump https://t.co/iML4a0DlEN pic.twitter.com/2VROplaKPK
— 山丨ㄥㄥ Trader_Kamikaze 🇧🇷 🤘 (@trader_kamikaze) May 27, 2024
On-chain reports have highlighted some impressive trading successes amid the Trump memecoin hype. A savvy trader managed to turn an initial investment of $16.4K into a staggering $3.07M in just 11 days, achieving a remarkable 187x gain thanks to $MAGA.
The trader, identified as “whalefud.eth,” spotted $MAGA only an hour after its mint on May 16 and swapped 3 ETH for 5.34 billion $MAGA.
This trader turned $16.4K to $3.07M, a 187x gain, in 11 days thanks to $MAGA!
Amid the #Trump #memecoins hype, “whalefud.eth” spotted $MAGA just one hour after its mint on May 16 and swapped 3 $ETH for 5.34B $MAGA.
The trader later swapped another 2 $ETH for 56.8M $MAGA during… pic.twitter.com/orRbC3eOP8
— Spot On Chain (@spotonchain) May 27, 2024
Seizing another opportunity during a market dip on May 21, the trader exchanged an additional 2 ETH for 56.8 million $MAGA. Currently, this investor holds 5.39 billion $MAGA, now valued at $3.07M.
Whale Trader Turns $537.5K Into $2.7M In Just 3 Days With $MAGA Investment
In another instance of lucrative trading, a different investor managed to turn $537.5K into $2.7M by trading $MAGA over just three days, achieving an impressive ROI of 505%.
This trader purchased 6 billion $MAGA on May 24 and 25 and recently took some profits by selling 1.5 billion $MAGA for 744K USDT. As of now, the trader retains 4.5 billion $MAGA, valued at approximately $2.51M.
In just 3 days, this trader made $2.7M by trading $MAGA, with an ROI of 505%!
He spent $537.5K to buy 6B $MAGA on May 24 and May 25, then sold 1.5B $MAGA for 744K $USDT to take profits 10 minutes ago.
He currently holds 4.5B $MAGA, worth $2.51M.https://t.co/KaRYLuELKN pic.twitter.com/Pgd5hKVpc5
— Lookonchain (@lookonchain) May 27, 2024
These substantial gains and the spike in active addresses indicate a growing bullish sentiment around $MAGA. The increased trading volume and investor activity suggest that $MAGA could see continued interest and potentially further price appreciation in the near future. As the memecoin market remains highly volatile, traders and investors are keenly watching these developments, looking to capitalize on emerging opportunities.
With these success stories and the rising number of active addresses, $MAGA’s market presence is undoubtedly strengthening, making it a notable player in the current cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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