With $400mn In Presale, Can “Official MAGA” Coin Defy Meme Coin Meltdown?
With $400mn In Presale, Can “Official MAGA” Coin Defy Meme Coin Meltdown?By Vishakha Thakur
President Donald Trump’s aggressive pro-crypto stance has created a lot of buzz in the crypto world, whether the market is in decline or surge. After the creation of a White House working group on digital assets and holding the first-ever crypto summit at the White House, a new politically charged crypto project has come into the limelight – the Official MAGA meme coin, or “Make America Great Again” coin. Its presale has now crossed $400 million.
Official MAGA Coin Raises $400mn In Presale
Recently, Argentina’s president Javier Milei had promoted the Libra token and then distanced himself from it. In the meme coin market, many pump and dump schemes have caused continuous declines. But now, speculation is that the Official MAGA Coin could provide early investors with a 30x return. Is that really the case?
Let’s look at three important factors related to the meme coin sector:
- Why is the ‘Official MAGA’ coin gaining popularity and how can you gain access to it?
- Trump meme coin’s $350 million revenue for creators
- Solana’s declining revenue due to the meme coin bubble burst
But before moving forward, please like, share, and subscribe to our channel so you keep receiving important updates.
Official MAGA Coin Presale: Key Stats
- Presale Raised: $400 million
- Blockchain: Ethereum (ERC-20)
- Total Supply: 100 billion tokens
- Presale Allocation: 45% of total supply
- Listing Price: $0.007 per token
- Current Presale Price: $0.0002284 per token
- Bonus Offer: Use Code MAGA50X for 50% extra tokens
With the current price of just $0.0002284 per token at the presale level, MAGACOIN is set to list at $0.007, presenting a potential 30x return for early investors. This meme coin is based on the Ethereum blockchain as an ERC-20 token, with a fixed total supply of 100 billion, and 45% of the tokens are available for presale.
Official MAGA Meme Coin Based On Ethereum Blockchain
Official MAGA has a fixed supply of 100 billion tokens. Investors looking to capitalize on this opportunity can visit the official MAGACOIN.io website to participate in the presale. Using the promo code MAGA50X, buyers can receive a 50% extra bonus on their purchase.
Official MAGA: A High-Risk, High-Reward Bet
The presale numbers for MAGACOIN are impressive, but this is a high-risk, high-reward bet. Will you be part of this FOMO, or take a wait-and-watch approach? You must decide after consulting your financial advisors before making any investment moves.
Meme Coin Market Down Despite MAGA Coin’s Rise
Despite the recent hype around MAGA Coin, the meme coin market’s overall cap has been continuously declining. Last week, the meme coin market cap fell from $54 billion to $49 billion, a $5 billion wipeout.
Despite the downturn, some top meme coins by market cap, such as Doge, Shiba Inu, and Pepe, have increased by 2-4%. The official Trump meme coin, the fourth-largest meme coin with a market cap of $2 billion, is currently down 86% from its peak, but creators have generated over $300 million in revenue.
Trump Meme Coin: Fourth Largest Meme Coin With Market Cap Of $2bn
The Trump meme coin is currently down 86% from its peak. Interestingly, 800 million Trump tokens are still locked in official wallets. The launch of the Trump meme coin involved minting 1 billion tokens, with the first 200 million released in the first batch and the remaining 800 million set to be released over the next three years.
U.S. President Donald Trump’s Memecoin Generates $350mn For Creators: REPORT
Despite the price decline, the creators of the Trump meme coin (Trump-backed entities) have made substantial profits, generating $350 million, with $314 million coming from token sales and $36 million from Solana blockchain fees.
Solana’s Revenue Declines 93% Due To Meme Coin Bubble Burst
Most popular meme coins like Trump, Bonk, and Melania are based on the Solana blockchain, which has been a hub for meme coins. However, Solana’s revenue has also decreased by 93%. According to DefiLlama data, the weekly revenue of $55 million in January has now dropped to just $4 million. The biggest reason for this decline was the crash of Pump.fun, Solana’s meme coin launchpad.
Melania Meme Coin Down 95% In Past 7 Weeks
Despite this, Official MAGA coin is being touted as a ray of hope for meme coin investors. No doubt, it’s a high-risk, high-reward game, so make your investment moves wisely.
You need to login in order to Like
