Musk once again put on the laser eyes, driving the Meme coin 'DMAGA' big pump 50 times

As the U.S. election unfolds, ‘popular meme’ keeps emerging.

Early this morning Beijing time, current US President Biden announced his withdrawal from the 2024 US presidential race and expressed support for Vice President Kamala Harris to become the Democratic presidential candidate in 2024. Subsequently, meme coins such as $HERRIS, $KAMALA, $KAMA experienced a short-term big pump and entered the community’s vision.

Meanwhile, Musk, who is followed by the encryption community and supports the Trump camp, has also caused a big pump of a meme coin called ‘DMAGA’ with a concept related to the election, which has increased over 50 times in a short time.

Change avatar in the early morning, drive meme big pump 50 times

In recent days, Musk has been frequently retweeting political content on his Twitter account, clearly expressing support for Trump, who is currently running for president. In the early morning today, a netizen @Chriswinig left a message under Musk’s tweet about the 11% rise in crime rate in New York, saying, ‘It’s time!’, accompanied by a picture of Musk’s original profile picture with laser eyes wearing a ‘Dark mask’.

This image was created by a website called DarkMagacoin. DarkMagacoin is a website created by the community based on a famous photo of Trump raising his fist, following the Trump shooting case, with the slogan “Dark MAGA Patriots control everything.” Fans of the community can use the tools provided on the official website to generate the same dark laser eyes image.

The most important thing is that the website has launched the MEME coin $DMAGA. However, after Musk changed his avatar to this, the volume of $DMAGA was less than $2 million in the first week of its launch.

Early this morning, Biden’s announcement of his withdrawal from the U.S. presidential election once again ignited the excitement of Trump supporters. Musk changed this picture in the comment section to his own profile picture, which is seen as a high-profile reaction to celebrate Biden’s withdrawal.

The community quickly discovered that a16z founder Marc Andreessen and Messari founder Ryan Selkis have both changed their avatars to ‘matching’ laser eyes to show support for Trump.

With Elon Musk’s ‘leading the way’, DMAGA started a big pump in the early morning and rose more than 50 times within a few hours. As of the time of writing, the Market Cap has exceeded 60 million dollars.

Three years ago, during the Bull Market, Musk also wore laser eyes.

In fact, ‘laser eyes’ has a special meaning for the encryption community, it is a symbol of belief in encryption for Bitcoin believers.

At the beginning of 2021, in the Bull Market three years ago, BTC rose all the way from $29,000 at the beginning of the year to $56,000. Amid the excitement in the encryption community, the encryption podcaster streamer Greg Zaj launched a “#LaserRayUntil100K” event on Twitter, believing that BTC’s breakthrough of $100,000 is imminent.

“Laser eyes” refers to the phenomenon in games where the eyes of the enemies emit a yellow light when they are controlled by another entity. Therefore, the encryption community uses the laser eyes portrait to represent their belief in Bitcoin. At the time, MicroStrategy’s CEO Michael Saylor, CoinShares’ CEO Meltem Demirors, and even U.S. Senator Cynthia Lummis all became participants in this event.

And the most important participant is Musk. On February 20, 2021, Musk suddenly changed his avatar to a girl with a “laser eye” and a background pattern of BTC. Under the leadership of Musk, Twitter at that time became an ocean of laser eyes.

Interestingly, BTC surged to $68,000 today, and the ‘＃LaserRayUntil100K’ vision from three years ago fits seamlessly into the current context.