Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Trump-inspired memecoin MAGA shows bullish on-chain metrics ahead of US elections

Source Fxstreet

MAGA’s daily active addresses are increasing, signaling greater network usage.
MAGA’s Network Growth metric surged and reached its highest level in mid-July.
Supply Distribution reveals that one cohort of whales seized the opportunity and bought as TRUMP dips.

MAGA (TRUMP) trades slightly down to around $3.4 on Tuesday after rallying more than 20% since Sunday. The former President Donald Trump-based memecoin is poised for further gains as daily active addresses and network growth metrics rise, signaling increased network usage and adoption. Additionally, supply distribution data shows that a group of whales seized the dip and bought into TRUMP’s recent price pullback.

MAGA on-chain metrics hint at a rally ahead

Santiment’s Daily Active Addresses index, which tracks network activity over time, paints a bullish picture for MAGA. A rise in the metric signals greater blockchain usage, while declining addresses point to lower demand for the network.

In TRUMP’s case, Daily Active Addresses rose from 903 on Friday to 2,606 on Tuesday, the highest level since mid-July. This indicates that demand for TRUMP usage is increasing, which bodes well for MAGA price.

TRUMP Daily Active Addresses chart. Source: Santiment

Similarly, MAGA’s Network Growth surged from 326 on Thursday to 1,226 on Monday, marking the highest level since mid-July. This increase reflects a growing number of new addresses created daily, signaling rising user adoption and growing traction for the project.

TRUMP Network Growth chart. Source: Santiment

Santiment’s Supply Distribution metric shows that whales with 100,000 to 1 million TRUMP tokens dropped from 15.95 million to 11.34 million from October 18. Meanwhile, wallets holding 1 million to 10 million TRUMP surged from 10.88 million to 16.05 million in the same period.

This interesting development shows that the first cohort of whales could have fallen prey to the capitulation event. In contrast, the second set of wallets seized the opportunity and accumulated MAGA at a discount.

TRUMP Supply Distribution chart. Source: Santiment

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.

Author Irene Q.

Nov 10, Tue

China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

23 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Gold Tumbles Toward $4,000 as Hotter-Than-Expected CPI Boosts Fed Rate-Hike Bets, Bulls Eye $3,975 Support As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d

Author TradingKey

23 hours ago

As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d

Core CPI stuck at 0.3% for a third straight month — and BLS couldn't publish the number that would explain it October headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.

Author Irene Q.

23 hours ago

October headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

23 hours ago

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Popular Symbols