The MAGA Crypto Squeeze - DWAC, PHUN, GME, BKKT

Yesterday both DWAC and PHUN rose 20% in the final hour of trading on news of a date set for the Truth Social platform to launch. GME rose more than 20% after hours on a WSJ report that the company is launching an NFT platform and establishing cryptocurrency partnerships, though some people dispute it as cover for short covering. 

One stock that has an element of both MAGA and crypto connection that's overdue for a squeeze is BKKT. BKKT's old CEO was Kelly Loeffler, a well known Trump supporter pictured below. BKKT is an NFT and crypto platform services provider that is created and backed by ICE, the leader in global regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets. BKKT recently signed partnerships with major fintech companies Mastercard and Fiserv to provide crypto services to their clients. If GME is serious about developing an NFT and crypto platform, BKKT is the company to work with.

BKKT is up in pre-market trading on these two connections, but expect a much larger run. It was trading at $8.51 at the start of this week and its SPAC PIPE deal was at $10 so these are discount prices for a major crypto player. 




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