Crypto Trader Earns $167K From Trump-Themed Tokens After Guilty Verdict in Hush Money Trial

A guilty verdict has been reached in the long-awaited Hush Money trial, with former U.S. President Donald Trump found guilty on all 34 felony counts

A guilty verdict has been reached in the long-awaited Hush Money trial, with former U.S. President Donald Trump found guilty on all 34 felony counts by a unanimous decision from 12 jurors in New York, with sentencing set for July 11.

However, for one crypto trader, there is a silver lining in this verdict, as he managed to earn over $167,000 with well-placed trades involving Trump-related tokens, FreeTrump (FREE), and Never Surrender (TRUMP) created shortly after the guilty verdict was reached.

How did the trade unfold?

Using a strategic approach, the trader capitalized on the volatility of Trump-themed tokens, specifically FreeTrump and Never Surrender. In just five hours, the cryptocurrency trader converted them into approximately 972 Solana (SOL) tokens, roughly $167,000.

The trader initially spent 85 SOL (worth $14,600) to purchase FREE tokens and subsequently sold them for 814 SOL (worth $140,000), resulting in a profit of 729 SOL (equivalent to $125,000).

Additionally, 72 SOL (worth $12,300) was used to acquire TRUMP tokens and later sold for 315 SOL (worth $54,000), yielding a profit of 243 SOL (equivalent to $42,000).

The虧損making trade by Donald Trump benefits crypto traders

While not directly connected to Donald Trump, the MAGA (TRUMP) token surge has created a new class of millionaires in the emerging PoliFi crypto sector, where politics, finance, and cryptocurrency collide.

According to CoinMarketCap, a provider of on-chain data, the TRUMP token has increased 75% over the past week. On May 21 alone, it rose 14% following the Trump campaign’s announcement that it would accept crypto donations, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).

Traders are speculating on the TRUMP token in connection with Trump’s ongoing presidential campaign, which has contributed to its recent substantial gains.

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