US Congressman Mike Collins has gone from altcoins to memecoins by investing as much as $30,000 in Ski Masks Canine (SKI), which rocketed 116% in worth after he acknowledged the acquisition on X.
Mike Collins printed his Periodic Transaction Report on Monday, revealing he made two purchases with the masked canine memecoin on December 1 and December 2. It’s unclear how a lot he purchased however every buy was between $1 and $15,000.
The Uncommon Whales X account reported on his purchases yesterday. The Republican consultant then responded to its submit with an image of Pepe the Frog sporting shades. The value of SKI subsequently rose 116% over 24 hours, reaching a worth of $0.2281.
Mike Collins has gone from endorsing antisemitic posts to memecoin posting.
Collins additionally purchased as much as $15,000 of the altcoin Aerodrome (AERO). The US Congressman beforehand purchased as much as $50,000 price of AERO on July 6 earlier than promoting and shopping for AERO once more on August 5.
Aerodrome, nonetheless, noticed little or no in worth change; it has decreased 0.5% within the final 24 hours, reaching a worth of $1.63.
Collins has additionally purchased the altcoin Velodrome and made two ether purchases totaling $65,000 earlier this yr.
Beneath the STOCK Act, Members of Congress should report funding purchases, gross sales, or exchanges over $1,000.