Magaverse Donates $1 Million to Trump Causes

Tech companies like Meta, Amazon, Robinhood Markets, and OpenAI have contributed $1 million to Trump's inaugural fund.

Several tech companies, including Meta, Amazon, Robinhood Markets, and OpenAI, have contributed $1 million each to Trump's inaugural fund.

Other companies that have donated $1 million towards the president-elect's inauguration include General Motors, Toyota North America, and Ford.

"We put our money where our mouth is," Hutchinson said in a statement to International Business Times. "This was our way of saying thank you to a man who has not only saved America but also saved crypto."

Hutchinson, the developer behind Magaverse, announced the $1 million donation in a post on X.

WowToday, I'm proud to announce a $1M USD donation to Trump causes on behalf of Magaverse.

This is more than just supporting Trump

It's about supporting the future of America, the principles we believe in, and the movement that's upon us - The Magaverse.

When I started MVRS,... https://t.co/FFSYeqST24

The community behind Magaverse, a meme coin on the Solana blockchain, often uses the popularity of trends and internet culture to drive engagement.

In August 2024, Trump-themed meme coins made a splash in the cryptocurrency market, with meme coins and PolitiFi tokens (political meme coins) climbing to $12 million by June.

According to CoinMarketCap, Megaverse has a market cap of $72.54 million with 1 billion tokens in circulation.

Meanwhile, Megaverse has a self-reported supply of 99,999,795 with a self-reported market cap of $7,611,499.