MAGAVERSE Donated A Whopping $1M To Trump-Backed Organizations
MAGAVERSE, a Solana-based meme coin, donated $1 million to organizations supported by Trump ahead of the inauguration.
Meme coin project MAGAVERSE (MVRS) has donated $1 million to organizations backed by Donald Trump, who is preparing to take over the office of the US presidency once again.
According to MAGAVERSE community leader Lee Hutchinson, the donation is meant to support the pro-crypto president-elect. “We put our money where our mouth is. This was our way of saying thank you to a man who has not only saved America but also saved crypto.”
Donald Trump’s campaign against Democrat candidate Kamala Harris heavily involved crypto, with Trump buying hamburgers with Bitcoin and even promising to make Bitcoin a reserve currency. Trump’s pro-crypto approach gained him support from crypto leaders as well as tech titans. Amazon founder Jeff Bezos and Meta founder Mark Zuckerberg also donated to the same organizations.
The meme coin project announced the donation ahead of the inauguration. Project representatives will attend several inaugural events in Washington, D.C., where they will join official balls and galas hosted by Trump’s team.
A Rocky Start
Launched on the Solana blockchain with inspiration from public figures such as Trump, Elon Musk, and Vivek Ramaswamy, MAGAVERSE initially faced challenges when a developer dumped tokens, disrupting its early momentum. However, after a leadership change, the project found new momentum, thanks to a shift toward community-driven goals and a clearer vision for the future.
Solana’s low transaction fees and fast processing times also helped the meme coin gain traction within the cryptocurrency world. With a vision and advanced technical capabilities, the meme coin is regarded as “the top PolitiFi token of 2025” by its supporters.
Trump’s Pro-Crypto Stance
During his first term, Donald Trump maintained an opposing view about cryptocurrencies. Once announcing “he’s not a fan of Bitcoin,” the president-elect said that Bitcoin’s value is based on thin air, claimed cryptocurrencies are a tool for illegal activities and even went on to call them a scam.
Trump’s stance changed with the recent presidential campaign, and he began to promise “to stop Joe Biden’s crusade to crush crypto,” who was running for president before Kamala Harris. Trump vowed to make Bitcoin a strategic reserve currency as a complementary to US dollar and said the US will decide the future of BTC and cryptocurrencies.
The president-elect attended the Bitcoin 2024 conference as well, where he delivered a keynote speech and confirmed his plans to make BTC a reserve currency. He assured the community that crypto regulations will be prepared by people who love the industry, not haters.
According to sources familiar with the matter, the upcoming president even plans to sign an executive order to make crypto a national priority.
Trump’s election win is seen as a win for the crypto industry as well. Community participants expect ongoing cases against crypto companies in the US to drop and cryptocurrencies to receive a general boost.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
