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US lawmaker Michael Collins revealed to be trading meme coin Ski Mask Dog

US lawmaker Michael Collins revealed to be trading meme coin Ski Mask Dog

Cryptobriefing2024/12/04 03:44
By:Cryptobriefing

Key Takeaways

  • US Representative Michael Collins invested $1,000 to $15,000 in the meme coin 'Ski Mask Dog.'
  • Collins' broader crypto portfolio includes investments in Aerodrome and Ether.

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Representative Michael Collins, a Georgia Republican, has disclosed trades in the meme coin “ Ski Mask Dog ,” according to financial reports filed with the House of Representatives.

As per Stocktwits’ post on X, the disclosure shows that Collins invested between $1,000 and $15,000 in the token through two separate transactions between December 1 and December 2, 2024.

Interestingly, the token has experienced a notable 10% rise since Collins’ purchase and is currently trading at $0.12 with a market cap of $12 million, according to DEX Screener data .

Collins’ interest in meme coins is not an isolated event. The congressman also disclosed similar-sized purchases of Aerodrome, another low-cap token, in the same filing.

This signals a departure from the more traditional crypto investments often associated with institutional or high-profile traders, who typically focus on mainstream digital assets like Bitcoin or Ether.

In the past year, Collins has demonstrated a broader interest in digital assets, purchasing over $65,000 worth of Ether, $115,000 worth of Aerodrome, and smaller investments in The Graph (GRT) and Velodrome (VELO), each valued at $15,000.

Collins, who represents Georgia’s 10th Congressional District, won re-election with 63.1% of the vote against Democratic challenger Lexy Doherty.

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