Congressman Buys Meme Coins? Ski Mask Dog Coin Climbs In Value After Disclosure: ‘I Liked The Coins, So I Bought Them’
The trading activity of members of Congress is closely followed by investors as the buying and selling of stocks can come based on alleged information. Now investors have to follow the trading activity of Congress members when it comes to meme coins.
What Happened: A trading disclosure by Rep. Mike Collins (R-Ga.) caught the attention of social media as he disclosed buying two cryptocurrencies this week following his recent trading activity of buying and selling cryptocurrency.
Collins disclosed that he bought $2,000 to $30,000 worth of meme coin Ski Mask Dog (CRYPTO: SKI) based on two transactions of $1,000 to $15,000 in size. The congressman also disclosed buying Aerodrome (CRYPTO: AERO), a cryptocurrency he has purchased before.
The disclosures can be found on the Benzinga government trading page for Collins.
Several of the most well-known social media accounts that track congressional trading activity tweeted about the unusual purchase.
- “Congressman @RepMikeCollins bought crypto ‘Ski Mask Dog’ $SKI two days ago. The coin is up +210% in the last seven days,” Congresstrading tweeted.
- “Just came across one of the wildest trades I’ve seen. U.S. Representative Mike Collins just bought up to $30K of a cryptocurrency called ‘Ski …
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