The price of MAGA surged over 20%, hitting a record high, fueled by a significant legal victory for Donald Trump amid an ongoing trial against Joe Biden.
An astute crypto trader capitalized on the rally of the MAGA (TRUMP) meme coin, based on both Solana and Ethereum networks, securing substantial profits. With an initial investment of $541,000 USDT last November, the trader now holds an impressive $15.7 million in TRUMP tokens, marking a remarkable 28-fold increase.
The TRUMP token witnessed a surge in value during April’s price pump, potentially allowing the trader to cash out at $11 million. However, holding onto the meme coin proved lucrative as it soared to new heights following Trump’s courtroom success.
The recent legal win for Trump, where a federal judge denied a gag order against him, likely contributed to the surge in TRUMP’s value. The judge criticized the prosecution for procedural missteps, further boosting confidence among Trump’s supporters and driving bullish sentiment around the MAGA price trajectory.
MAGA’s price peaked at $15.51, marking a nearly 30% increase, with the TRUMP coin price hitting $14.47 on May 29. Additionally, MAGA’s market cap reached $637.66 million, with a 24-hour trading volume spiking to $28.40 million.
Amid growing optimism surrounding Trump’s legal victory, renowned investor Robert Kiyosaki expressed confidence in Trump’s trial outcome. Kiyosaki condemned Biden, stating that the trial was based on political motives rather than legal violations. He emphasized the need for the FBI to focus on finding Hunter Biden’s computer and advocated for leaving the Trump family to continue their endeavors in making America great again.
