US Congressman Mike Collins has gone from altcoins to memecoins by investing up to $30,000 in Ski Masks Canine (SKI), which rocketed 116% in price 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 put up with an image of Pepe the Frog sporting shades. The price of SKI subsequently rose 116% over 24 hours, reaching a price of $0.2281.
Learn extra: US congressman Mike Collins loves day buying and selling altcoins, report
Collins additionally purchased up to $15,000 of the altcoin Aerodrome (AERO). The US Congressman beforehand purchased up to $50,000 value of AERO on July 6 earlier than promoting and shopping for AERO once more on August 5.
Aerodrome, nevertheless, noticed little or no in price change; it has decreased 0.5% within the final 24 hours, reaching a price 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.
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