Donald Trump at the Bitcoin conference: MAGA and TREMP skyrocketed!
MAGA (TRUMP), the popular meme coin launched as a tribute to Donald Trump, increased by 15%. The altcoin is currently trading at $7.31 with a market capitalisation of $321 million. The meme coin has seen strong gains this year as Trump’s presidential campaign has favoured Bitcoin and the overall crypto market.
In the last month of June, the MAGA (TRUMP) price rose to an all-time high of $17.01. However, it has corrected more than 50% since then. It will be interesting to see if Trump will make any special announcements at the Bitcoin Conference. If so, it could put MAGA on the road to recovery once again and reach an all-time high. Meanwhile, the other Donald Trump-related meme coin TREMP has skyrocketed over 21% and is currently trading at $0.5639.
According to reports earlier this week, Donald Trump has raised more than $4 million in donations to the crypto market. The majority of contributions were made in Bitcoin, Ethereum (ETH), Ripple-related XRP, and USDC, a stablecoin pegged to the US dollar. Notably, over $2.15 million in Bitcoin donations were made by 19 individuals in 12 states. According to the Federal Election Commission filing, the donors’ occupations ranged widely, including housewife, US soldier, missionary, painter, sales representative for a pizza company, and security technician at the State Department.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
