Donald Trump’s cryptocurrency tokens grew by 10,000% in just one day

Over the past 24 hours, the Make Ethereum Great Again (MEGA) token has experienced an extraordinary surge, with the asset growing by 10,000% across all decentralized exchanges. This put MEGA ahead of Ethereum ETH $2,991.62 Ethereum -3.90% Market capitalization $359.58 billion VOL. 24 hours $2.63 billion and Bitcoin BTC $56,416.10 Bitcoin -1.81% Market capitalization $1.11 trillion VOL. 24 hours $4.33 billion .

In their blog, the MEGA team shared their observations on how influencers and long-term token holders who were once critical of «gatekeeping» (hiring intermediaries responsible for managing access to certain information or events in the public sphere, for choosing the media to cover them — ed. «We've seen those who preach the religion of 'Diamond Hands' turn into 'lettuce hands'. This inconsistency is unsettling to the community,» they said.

While the jump in the price of the MEGA token is impressive, it is important to note that some tokens with low trading volumes may pose certain risks. No Worries urges readers not to invest in volatile digital assets.

Dextools data shows that the total market capitalization of MEGA is currently $ 730.79, and the 24-hour trading volume is $ 475.88 thousand.

At the end of August, the Trump Digital Trading Cards collection rose in value after Trump’s interview with American TV host Tucker Carlson, which gained over 200 million views within hours of its release. The non-fungible Trump tokens depict his life and career. Sales of the second series of digital tokens depicting the former US president started on April 18. The new collection included 47,000 NFTs, which is 2,000 more than the first issue.

Earlier in an interview with Fox Business, the politician called digital assets «a scam and an extremely dangerous thing.» «I have never been attracted to cryptocurrency because I like the dollar. I’ve never been a big fan of it,» Trump said at the time. However, in August, it became known that Donald Trump had invested more than $ 2.8 million in cryptocurrencies. The former US president also earned $ 4.87 million in license fees from his NFT collection.