Elon Musk’s Pro-Trump Speech Leads Trader to $121K Gain in MAGA Tokens

Elon Musk made a splash at Donald Trump’s rally in Butler, Pennsylvania. Known for his unpredictability, the SpaceX and Tesla CEO showed up wearing a black MAGA hat. This was Musk’s first time sharing the stage with Trump since endorsing him in July.

Trump, quick to criticize the Biden administration, invited Musk to speak. Musk warned the crowd that this election could be America’s last if Trump doesn’t win. He took shots at the Democrats, especially President Biden, while energizing the crowd.

Musk’s Fiery Speech and Call to Action

Musk didn’t just stand still. He danced, jumped, and hyped the audience. “I’m not just MAGA, I’m dark MAGA,” he joked, drawing laughter and cheers. He also recalled Trump dodging an assassination attempt at the same venue in July. “We had one president who couldn’t climb stairs and another who fist-pumped after getting shot,” Musk said. The crowd responded with applause.

His message was clear: Vote and fight to win.

Trader Profits Big on MAGA

While Musk was making waves on stage, a smart trader was cashing in. Spot on Chain, a crypto insights platform, shared the story. A trader earned $113K in just 17 hours by betting on MAGA and TRUMP memes coins during Musk’s speech.

The trader bought $360K worth of these coins right after Musk’s speech began. By the end of the rally, their value had surged. The trader’s holdings rose to $482.7K, netting a $121K profit. Musk’s influence over markets once again showed its power.

Elon Musk’s appearance at the Trump rally sparked both political and financial waves, with some walking away with a lot more than just inspiration.

Looking Ahead!

This was the first time when Elon Musk joined the stage with Donald Trump and the crowd went crazy looking at Musk dancing on the stage. This incident has boosted Trump’s winning odds to Kamala Harris. He now has a 50.6% chance according to polymarket data while Kamala now has a 48.7%

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