🎉🎉🎉A newly launched Donald Trump-inspired meme coin, MAGA, rallied significantly on the back of comments by the former U.S. President🎉🎉🎉
Suggesting a new outlook for Bitcoin and cryptocurrency. MAGA gained 20% last Friday, dwarfing returns from other more established meme coins like Dogecoin and Shiba Inu, which gained only 2% each on the same day.
MAGA launched on August 11, 2023, with the creators describing it as a meme coin to “Make Crypto Great Again.” However, it is essential to note that there is no report of any official connection of MAGA with the former President.
The meme coin’s recent rally comes after Trump showed a more relaxed sentiment toward Bitcoin last Wednesday. During the “Ingraham Angle” on FOX News with Laura Ingraham, Trump said Bitcoin has “taken a life of its own.” According to the former President, regulation has become necessary for the world’s leading cryptocurrency.