BlockBeats news reported on October 7 that a trader managed to make a profit of $113,000 in just 17 hours by betting on TRUMP and MAGA after Elon Musk showed support for Trump in a speech. The trader invested $360,000 USDC to purchase 2.449 billion MAGA and 1,836.4 billion TRUMP during Musk’s live speech yesterday. Today, these assets have increased in value to $398,000 and $75,300 respectively, resulting in a gain of $113,000. You can find more information about this story here.