Trader earns $ 670,000 per day on Donald Trump’s meme token

Editor’s note: not investment advice!

The Official Trump memo token (TRUMP) has become a source of large profits for a crypto trader. The investor was able to turn a position worth $ 1.22 million in Fartcoin into almost $ 1.96 million in TRUMP in a swift transaction that coincided with the asset’s price increase.

According to the Lookonchain analytical platform, the trader exchanged all of his Fartcoin tokens for TRUMP through the Jupiter aggregator. The favorable timing of the transaction provided him with a portfolio increase of about $ 670,000 in less than a day after a sharp jump in the value of TRUMP.

TRUMP’s growing popularity was driven by a unique offer: only the 25 largest token holders will receive an invitation to a private event with Donald Trump. This has led to an active struggle among large investors for a place in the ranking of holders.

Other market participants are also acting aggressively. One trader invested $ 300,000 in TRUMP for a chance at a meeting, and another spent $ 5.2 million after re-entering the market, purchasing more than 337,000 tokens at an average price of $ 15.39 per unit. Opportunities for enrichment increase along with risks in a chase where political preferences and speculative trading are side by side.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious cryptocurrency projects and little-known digital assets!