May 30, 2024 - Economy
Charted: 45 to 47 (million)
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Trump's fortunes are rising dramatically, on the Ethereum blockchain.
Zoom in: The meme coin made in honor of the 45th president is up over 17 thousand percent this year, executing an enormous surge through May.
In the weeds: The meme coin, Trump (MAGA), was created in August 2023, and it has no affiliation with the man himself.
- The group behind it donates to support veterans and the rescue of children.
- The website shows donations to several organizations, claiming to have given over 436.5 ETH ($1.6 million) in charitable contributions. It's been making its donations through Every.org, which shows each one.
- Every sale or transfer of MAGA has a 1% tax, to fund its promotion.
By the numbers: The total supply is 47 million, and it's held in 23,445 Ethereum accounts.
- Trump was the 45th president, but, if he wins in November, he will also be the 47th.
