A savvy crypto trader has made a remarkable $15 million profit by investing in the MAGA (TRUMP) meme coin, which surged after Donald Trump’s recent court win. The trader initially bought 1.079 million TRUMP tokens for $541,000 USDT in November, shortly after Trump announced his re-run.
The MAGA token’s value spiked following a legal victory for Trump, where Federal Judge Aileen Cannon denied a gag order in a classified documents case. This court win boosted the trader’s investment to $15.7 million, a 28-fold increase from the initial amount.
The MAGA coin hit an all-time high (ATH) of $15.51, with a 30% rally, showcasing its market cap of $637.66 million and a 44.71% spike in 24-hour trading volume to $28.40 million. The optimism surrounding Trump’s potential victory against Joe Biden further fueled the token’s rise.
This event underscores the significant impact of political developments on cryptocurrency markets and highlights the strategic advantage of timely investments in niche meme coins.
