Key Takeaways
- US Consultant Michael Collins invested $1,000 to $15,000 within the meme coin ‘Ski Masks Canine.’
- Collins’ broader crypto portfolio contains investments in Aerodrome and Ether.
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Consultant Michael Collins, a Georgia Republican, has disclosed trades within the meme coin “Ski Mask Dog,” based on monetary experiences filed with the Home of Representatives.
CONGRESS MEMBERS ARE NOW TRADING MEME COINS… (I am not even kidding)
Congress member Michael Collins simply filed for his buy of a crypto meme coin known as “Ski Masks Canine”
Which a part of the cycle are we in? pic.twitter.com/jVTtrBhWdF
— Stocktwits (@Stocktwits) December 3, 2024
As per Stocktwits’ publish on X, the disclosure reveals that Collins invested between $1,000 and $15,000 within the token via two separate transactions between December 1 and December 2, 2024.
Curiously, the token has skilled a notable 10% rise since Collins’ buy and is at the moment buying and selling at $0.12 with a market cap of $12 million, based on DEX Screener data.
Collins’ curiosity in meme cash is just not an remoted occasion. The congressman additionally disclosed similar-sized purchases of Aerodrome, one other low-cap token, in the identical submitting.
This alerts a departure from the extra conventional crypto investments usually related to institutional or high-profile merchants, who usually give attention to mainstream digital belongings like Bitcoin or Ether.
Up to now 12 months, Collins has demonstrated a broader curiosity in digital belongings, buying over $65,000 value of Ether, $115,000 value of Aerodrome, and smaller investments in The Graph (GRT) and Velodrome (VELO), every valued at $15,000.
Collins, who represents Georgia’s tenth Congressional District, won re-election with 63.1% of the vote towards Democratic challenger Lexy Doherty.
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