Trump (MAGA) token pumps by multiple folds, following a crypto-friendly statement by Donald Trump
Today the trade price of Trump meme tokens surged rapidly, as former US President Trump passed a crypto-friendly statement.
In the present time, three $MAGA tokens are trading in the crypto sector under the control of different unknown crypto enthusiasts. All of these three tokens are inspired by the popularity of former US President Donald Trump.
The trade price of one of the $MAGA tokens is $5.37 & this trade price is 27% higher over the last 24 hours.
The trade price of other maga token is currently 376% higher over the last 24 hours.
In the same period, the trade price of the $Trump token surged by 10%.
The surging prices & popularity of Trump-inspired meme tokens are a very big concern over the future of the crypto sector, as the majority of retail investors as well as some big whales showing inclination toward these meme tokens, while flagship crypto assets are struggling to get money inflow.
Donald Trump & Crypto
In the past, Trump passed several negative comments against Bitcoin & cryptocurrencies but in 2024 he showed his crypto-friendly behaviour.
In Feb, Trump said that he is okay with Bitcoin adoption. Today, the former US president said that hostile regulatory environments are forcing Crypto companies to leave the US crypto market, but he will stop them.
However, we all know very well that it is good that Trump is now in support of this innovative sector and also if he wins the upcoming presidential election this year then there is a huge chance that he will back all crypto-friendly bills.
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