Traders Turns $5,000 into $1.8 Million with Elon Musk Meme Coin
One lucky crypto trader saw seven-digit returns on a $4,962 investment in a new Donald Trump meme coin.
According to Block Explorer, the trader purchased $4,962 worth of Dark Maga ($DMAGA) just seven days ago, and the position is now worth more than $1.8 million.
This surge seems to have been influenced by Elon Musk changing his profile picture to feature blue laser eyes.
$DMAGA is a new meme coin represented by a Trump avatar with blue laser eyes. The Republican candidate has taken a decisive turn towards crypto despite being skeptical of it during his tenure as the forty-fifth President.
It is important to note that there has been no official endorsement of $DMAGA by either Elon Musk or Donald Trump.
This guy bought $5k worth of $DMAGA 3 days ago.
Today, Elon Musk changed his pfp to blue laser eyes.
Then, $DMAGA pumped from $50k to $65m.
His bag is now worth $1.8m, so a 360x.
Crazy shit. pic.twitter.com/TD8Muz0nkV
— ram (@0xRamonos) July 22, 2024
In crypto culture, red laser eyes is the symbol of the Bitcoin maximalist.
Numerous crypto supporters have adopted it in their social media profile pics, including celebrities like NFL star Tom Brady, politicians like Cynthia Lummis and Warren Davidson, and notably Elon Musk “Just for a day” shortly after he purchased $1.5 billion $BTC back in early 2021.
Yesterday, Musk changed his Twitter avatar to blue eyes, possibly as a signal for his support for Trump’s election campaign, or crypto in general, or conceivably both, in the tokenized form of $DMAGA.
The unknown trader’s $DMAGA holdings were worth $1.8 million as of yesterday morning UTC, although the token has since pulled back by 34% over the last 24 hours, according to CoinGecko.
Anticipation for the US Presidential elections in
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