Crypto Whales Bet Big! MAGA Memecoin Explodes 42% as Trump’s Inauguration Nears

Bitcoin’s (BTC) price climbed back above $99.5k on Monday, January 6, during the early European session, signaling renewed market optimism. At the same time, MAGA (TRUMP), a memecoin project inspired by U.S. President-elect Donald Trump, jumped over 42% in the past 24 hours to trade at about $3.58. The Ethereum-based small-cap altcoin, with a fully diluted valuation (FDV) of $163 million and a 24-hour trading volume of $53 million, has now surged 124% in the past week.

Factors Influencing MAGA’s Rally

The MAGA memecoin, which supports charitable initiatives for U.S. veterans and children, has drawn significant interest from whale investors. On-chain data shows that 52.40% of MAGA token holders are whales, highlighting substantial support despite most holders being smaller investors known as cruisers.

This recent price surge is largely driven by anticipation surrounding Donald Trump’s upcoming presidential inauguration. As the first openly pro-crypto U.S. President, Trump’s potential influence on the ongoing crypto bull market is fueling speculation among investors.

Ripple CEO Backs Trump

According to Ripple Labs CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, in 2012 by Chris Larsen and Jed McCaleb, and has a headcount of 1,120. It is a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, founded by Brad Garlinghouse. He also played a unique and significant role in creating an advanced cross-border payment using blockchain technology. He is an extremely popular person across the globe in the crypto landscape. Brad has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. Joined Ripple as COO.  He was promoted to be the CEO in December 2016. Initially, he worked at AOL and Yahoo! where he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo Courier divisions. While at Yahoo, he also wrote an inner updated version known as the Peanut Butter Manifesto, requiring the organization to zero in on its core business instead of expanding itself. He is one of the Top Speakers in the Crypto and Blockchain field, where he shares the knowledge and evolvement of the technology in the current space    Quick Facts Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia 2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   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 more than 41,000 on-chain holders and over $4 million in locked liquidity through Wrapped Ether (WETH), MAGA memecoin is positioned for substantial growth. Its strong community support and solid liquidity base provide a strong foundation for future expansion.

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Bitcoin Technical Outlook

Since May 2024, MAGA memecoin has been navigating an ABC correction pattern on the daily chart. However, recent price action suggests it may soon establish a new upward trend. To confirm a bullish breakout, the token needs to close consistently above the falling logarithmic trendline.

If the breakout attempt fails, the broader downtrend could continue, with the $1.32 support level likely acting as a floor until buyers regain momentum. This support could allow the token to consolidate before its next move higher.

With strong whale backing, increasing on-chain activity, and technical indicators suggesting a possible breakout, the token’s future looks bright—provided it can overcome current challenges in its correction phase.