Donald Trump's MAGA Cap Sparks $60M Meme Coin, Nets Millionaire Trader 7X Return In 4 Days
Portfolio Pulse from Khyathi Dalal
A crypto trader known as 'Bonk Guy' netted a 700% return on the MAGA meme coin, which is based on Donald Trump's 'Make America Great Again' cap. The coin surged to a $60 million valuation, but the trader cautions about the high risk at higher valuations.
May 20, 2024 | 4:14 pm
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The MAGA meme coin, based on Donald Trump's 'Make America Great Again' cap, surged to a $60 million valuation, netting a trader a 700% return. The trader warns of high risk at higher valuations.
The MAGA coin's significant surge in valuation and the trader's substantial return indicate strong short-term interest and potential for further gains. However, the trader's caution about high risk at higher valuations suggests volatility.
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