Crypto News

Surge In Active $MAGA Addresses Fuels Bullish Momentum Amid Massive Gains

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.

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.

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.

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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