Trump-themed meme coin TRUMP has risen nearly 75% in the past two weeks, and some early traders have not realized profits of more than 1,600%

PoliFi Tokens is at the forefront of the convergence of politics, finance, and cryptocurrencies, with Trump-themed tokens seeing a surge in the past few weeks, creating a new crop of millionaires, according to analysis by Nansen, an on-chain data provider. Although the launch of TRUMP tokens is not directly related to former U.S. President Donald Trump, traders view these tokens as speculative bets on his ongoing presidential campaign. Meme coin MAGA (TRUMP) tokens have risen nearly 75% in the past two weeks, according to CoinGecko data. The token price rose 14% on Tuesday after the Trump campaign announced that it would begin accepting cryptocurrency donations (including Bitcoin, Ethereum, Dogecoin, and SHIB). In the process, some addresses holding MAGA (TRUMP) have unrealized gains of more than 1,600%. One of the addresses holds more than $5.5 million worth of tokens. Several addresses bought six-figure TRUMP tokens and now have unrealized gains of more than $1 million. They are gradually reducing their holdings, but not selling in a way that could cause a sudden price crash. As a result, these sales transactions were made before Tuesday's campaign donation announcement. However, data shows that those who recently purchased TRUMP tokens have a lower return on investment and a lower overall winning rate. Meanwhile, the value of TRUMP tokens sent to wallets actually associated with Trump has risen to nearly $5 million. A wallet allegedly associated with Trump received $7,100 in TRUMP tokens sent by the Meme coin developer between August and October 2023. Sending tokens to wallets associated with well-known entities is sometimes used as a marketing strategy by Meme coin project parties because it can attract attention and stimulate investor interest. (CoinDesk) Earlier, the Trump campaign officially announced on Tuesday that it would begin accepting cryptocurrency donations, and supporters can donate using "any cryptocurrency accepted through Coinbase Commerce products." Its campaign team said: "The restrictions and disclosure requirements for cryptocurrency donations will follow the regulations of the Federal Election Commission."