Early this morning, US President Biden announced his withdrawal from the 2024 campaign and turned his support to Vice President Kamala Harris.
A series of election-related meme coins such as HERRIS and KAMALA have soared rapidly, attracting widespread attention from the market.
At the same time, Musk, a leading figure in the crypto community, was not willing to be left out and once again demonstrated his unique influence by changing his Twitter profile picture.
He changed his profile picture to one with "laser eyes", a move that not only expressed his support for Trump.
It also unexpectedly led to a crazy rise in the new meme coin $DMAGA, whose market value soared more than 50 times in a short period of time.
In recent days, Musk has frequently retweeted content related to American politics on his Twitter account, clearly supporting Trump who is running for election.
In the early hours of this morning, a netizen @Chriswinig commented on Musk's early morning Twitter comment that New York's crime rate had risen by 11%, saying: "It's time!"
Attached is a picture of Musk's original "Dark Mask" with laser eyes.
This image was generated by a website called DarkMagacoin.
DarkMagacoin is a picture-making website launched by the community for IP based on Trump's famous fist-raising photo after the Trump shooting.
With the slogan "Dark MAGA Patriots Take Control of Everything", community fans can generate the same dark laser eye images through the tools provided by the official website.
Most importantly, the site launched a meme coin, $DMAGA. However, before Musk changed his avatar, $DMAGA had a trading volume of less than $2 million a week after its launch.
Early this morning, the news that Biden announced his withdrawal from the US presidential election once again ignited the excitement of Trump supporters. Musk replaced the picture in the comment area with his own avatar, which was seen as a high-profile response to celebrate Biden's withdrawal from the election.
The community soon discovered that a16z founder Marc Andreessen and Messari founder Ryan Selkis had both changed their profile pictures to the same laser eyes to represent their support for Trump.
With Musk's "leading the way", DMAGA started to soar in the early morning, rising more than 50 times in a few hours, and its market value has exceeded 60 million US dollars.
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