MAGA Memecoin Soars on Donald Trump Inauguration Speculation and Whale Interest - AltcoinDaily.co
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As Bitcoin (BTC) price rebounded above $99.5k on Monday, January 6, during the early European session, MAGA (TRUMP), a memecoin project inspired by U.S President-elect Donald Trump



President



rallied over 42 percent in the past 24 hours to trade about $3.58 at the time of this writing. As a result, the small-cap altcoin, with a fully diluted valuation (FDV) of about $163 million and a 24-hour average traded volume of around $53 million, has pumped more than 124 percent in the past week.

Factors Influencing MAGA’s Rally

The Ethereum-based memecoin, focused on charity to US veterans and children, has attracted significant attention from whale investors. According to on-chain data analysis, 52.40 percent of MAGA token holders are whale investors, despite the majority encompassing cruisers.

The notable rally of MAGA in the past 24 hours is heavily influenced by the upcoming inauguration of US President Donald Trump. As the first pro-crypto US President, heavy speculation on his impact on the ongoing crypto bull market is visible.

According to Ripple Labs CEO brad garlinghouse



Organization: Ripple
Location: United States
Education: MBA from Harvard Business School and BA from The University of Kansas
Skills: Venture capital and Startups

Experience:

CEO at Ripplefrom from Jan 2017 – Present ·
President and COO at Ripple logo from Apr 2015 – Dec 2016 
Board Member at Animoto from 2012 – Dec 2017
Tonic Health, an R1 company logo
Board Member at Tonic Health from 2011-2016
Board Member at Ancestry from 2013 – 2016
CEO at Hightail from May 2012 – Sep 2014 

 
 

EntrepreneurInvestorChief Executive OfficerBoard Member




Trump’s inspired crypto bull market in 2025 is real. Moreover, more institutional investors have gained significant confidence in the crypto industry, as shown by the major cash inflows to digital assets investment products.

With over 41k on-chain holders and a locked liquidity of more than $4 million in Wrapped Ether (WETH), MAGA memecoin is well positioned to grow exponentially ahead.

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Midterm Expectations 

After being trapped in an ABC correction since May 2024, MAGA memecoin, in the daily time frame, is attempting to break out in a new rising trend. However, the memecoin must consistently close above the daily falling logarithmic trend to confirm a successful bullish breakout. 

In case of a failed bullish breakout and the memecoin continues in the macro falling trend, the support level above $1.32 will likely hold until the buyers gain control.

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