In a significant case, former US President Donald Trump was found guilty on all 34 criminal charges in the highly publicized Hush Money trial. A unanimous decision by a 12-person jury in New York has set the sentencing date for July 11. Amidst the legal turmoil, a savvy crypto trader managed to turn this verdict into a lucrative opportunity. The trader earned over US$167,000 through strategic trading involving Trump-themed tokens such as FreeTrump (FREE) and Never Surrender (TRUMP).

Trading Strategies for Trump Tokens

The trader employed a strategic approach to capitalize on market volatility post-guilty verdict. According to Finbold reports, focusing on Trump-themed tokens, specifically FreeTrump and Never Surrender, they converted them into approximately 972 Solana (SOL) tokens, equivalent to US$167,000, in just five hours.

Initially investing 85 SOL, worth US$14,600, in FREE tokens, as the market reacted to the news, the token value surged, allowing them to sell for 814 SOL, worth US$140,000. This transaction resulted in a profit of 729 SOL, equivalent to US$125,000.

In parallel moves, the trader also acquired tokens themed after the former US President using 72 SOL, amounting to US$12,300. Following a similar pattern, they sold these tokens for 315 SOL, valued at US$54,000, generating a profit of 243 SOL, or US$42,000.

PoliFi: A New Frontier in Crypto

The success of these trades showcases the evolving PoliFi sector, where politics, finance, and crypto intersect. Although these tokens are not directly linked to Donald Trump, their value is highly influenced by political events and sentiment.

The surge in MAGA token (TRUMP) value, for instance, has created a new class of billionaires in this niche market. According to on-chain data provider CoinMarketCap, the value of TRUMP tokens has increased by 75% in the past week. Notably, on May 21, the token saw a 14% spike following an announcement from the Trump campaign revealing their acceptance of crypto donations, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).