Musk’s Blessing” Laser Eye Meme Coin $DMAGA surged 15,548%, what is the reason for the popularity?

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Elon Musk, the founder of Tesla, who has recently made public his stance of "supporting Trump" for re-election as US President, changed his X photo sticker to one with dark red as the main color and the American flag in the early morning of this morning (22nd). The meme with blue "laser eyes" as the background and eyes flashing attracted global attention and was even trending on China's Weibo.

In this regard, the well-known Chinese crypto KOL “0xSun” issued an article this morning pointing out that Musk’s photo post is the main reason behind today’s surge in the Solana ecological meme coin $DMAGA.

Dark Meme Coin$DMAGA Appointed by Musk

0xSun explained that Musk’s latest photo post was made for Musk by @DarkMagaCoin community members. Musk happened to choose this picture from the comment area to replace it with the photo post today. “It’s a dream come true.”

0xSun also expressed his regret that he missed the golden boarding time of $DMAGA due to illness, and analyzed his optimism for the narrative of this meme coin.

The narrative of this coin is at the same level as $Fight and $Miggles, and the most important thing is that this narrative has a directly related token, which is stronger than the latter two, because there is a mapping process from the event to the related Meme coin. , and the tokens and events of $DMAGA are strongly correlated.

[Musk’s photo post changed to the picture of $DMAGA] This incident actually fermented quite slowly. From 3:30 to 5:30 in the morning, it actually kept trading sideways near 5M until another important member of the community @koreanjewcrypto posted a message After explaining the ins and outs, it started to ferment slowly. There was actually plenty of time to get on the bus. If I had been awake, I could have earned at least 100,000 U, but it was a pity that I didn’t.

Extended reading: Is Biden bullish on Bitcoin after posting a photo of “laser eyes”? Coinbase: 51% of young citizens prefer crypto-friendly candidates

$DMAGA skyrocketed over 155 times

Dexscreener data shows that $DMAGA has soared from a low of $0.0005325 to a maximum of $0.08333 since yesterday, with a surge of more than 15,548% during the period. At the time of writing, it is temporarily trading at $0.06979, with trading volume exceeding $42.5 million, and an increase of 10,058% in the past 24 hours. , becoming one of the meme coins with the largest gains today.

Other meme coins created based on concepts such as Dark Musk and Dark Elon have experienced relatively small increases. For example, $DARKELON has increased by approximately 1,633% and $LASER by approximately 1,452% in the past 24 hours.

Source: Dexscreener

The founder of Messari also changed his photo sticker with blue laser eyes

0xSun expects that the topic of Musk’s new laser eye sticker will continue to spread, and the future trend of DMAGA is worthy of attention.

Emotionally, Musk, the world's richest man who is closely related to the crypto, changed his laser-eyed avatar. With the recent strong rebound of the market, it is very exciting in itself; and the American flag and red main color of this avatar are also very suitable for the recent period. The hot event of the US election expresses Musk's support for Trump, so this is a news that has a high probability of being out of the circle;

In terms of communication, there are already many big Vs who have adopted similar red tone + blue laser eye photos, including Messari founder Ryan Selkis (@twobitidiot), traders @Bluntz_Capital, @wsbmod, @wallstreetbets, etc. Wait, this is sure to be an ongoing topic during this time.

However, 0xSun also reminded that since DMAGA is a short-term surge, the front-row positions are very scary and the profit margin is also huge, so the height it can ultimately reach depends largely on the structure of the front-row and the project side.

From a narrative point of view, I think it is close to perfect. I currently only have a few tens of thousands of U parts, which is far from enough. But the narrative is so attractive that I had to write a tweet. Let’s introduce it.

The founder of Messari also changed his head sticker with blue laser eyes. Source: @twobitidiot

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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