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The Golden Finance reported that, according to Lookonchain's monitoring, as the news of Trump's conviction spread, many MEMEcoins themed around Trump were created. A savvy trader made around 972 SOL tokens (167,000 USD) in 5 hours by trading the Trump-themed tokens FREE TRUMP (FREE) and NEVER SURRENDER (TRUMP).
The trader spent 85 SOL (USD 14,600) to buy FREE and then sold it at a price of 814 SOL (USD 140,000), making a profit of 729 SOL (USD 125,000). They also spent 72 SOL (USD 12,300) to buy TRUMP and then sold it at a price of 315 SOL (USD 54,000), making a profit of 243 SOL (USD 42,000).