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International Business Times
International Business Times
Business
Marvie Basilan

Trump Memecoins Pump After Elon Musk's Pennsylvania Speech – Did Tech Mogul Promote $DMAGA?

Elon Musk Donald Trump United States Pennsylvania Butler Bitcoin SpaceX
Tech billionaire Elon Musk jumps up and down when Donald Trump calls him out on stage at his rally in Butler, Pennsylvania, where Trump was wounded in July by a would-be assassin's bullet. (Credit: Jim Watson/AFP/Getty Images)

KEY POINTS

  • 'I am Dark MAGA,' Musk said in his speech, seemingly referring to the $DMAGA token
  • The team behind the token said Musk supports their cause, and they've talked 'directly' to the X owner
  • $TRUMP, $PTRUMP and many other Trump-based tokens climbed over the past day

Political memecoins based on Republican presidential candidate Donald Trump pumped Sunday after tech billionaire Elon Musk took the stage beside the GOP frontrunner in a 5-minute speech that started with "Dark MAGA."

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