Recently, Elon Musk and Donald Trump made headlines during a rally in Butler, Pennsylvania. Musk, sporting a black MAGA hat, endorsed Trump, emphasizing that his victory is crucial to preserving the U.S. Constitution and democracy. He even added a twist by calling himself "Dark MAGA," which quickly ignited a new trend in the meme community.
This rally not only had political implications but also made waves in the crypto world. Musk announced the creation of PAC America on X (formerly Twitter), which led to a massive spike in related tokens. For example, the America PAC token skyrocketed by 70,000% in just a few hours.
One trader managed to turn $200 into $180,000 by riding this wave.
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Later, Musk changed his profile picture and bio on X, fueling even more hype. He also launched a meme trend with the hashtag #DarkMAGAMAGA, which traders quickly capitalized on, pushing up the value of tokens associated with the trend.