2024-05-28 08:07:31
Trader Nets $2.7 Million in 3 Days with Trump-Themed MAGA Memecoin Amidst Insider Trading Allegations
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A savvy trader made a staggering $2.7 million profit in just three days with the Donald Trump-themed MAGA (TRUMP) meme token. The memecoin trader, identified as wallet “0x303,” invested over $535,000 to purchase six billion MAGA tokens on May 25. This resulted in an over 505-fold return on his initial investment, as reported by Lookonchain on May 27: “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.” The trader’s wallet consists entirely of MAGA tokens, which