TronWeekly

Crypto World News

You are here: Home / Archives for MELANIA tokens

MELANIA tokens

MELANIA Token Insiders Pocket $100 Million Profit Minutes Before Melania Endorsement

by

  • Insiders made almost $100 million by buying MELANIA tokens minutes before Melania’s official endorsement.
  • Since March 16, the MELANIA team has sold over 41 million tokens without giving any sort of official explanation, raising community concerns.


The MELANIA token has once again sparked controversy after reports revealed that insiders made $100 million in profits minutes before Melania Trump’s endorsement post.

This move has raised questions about the timing and fairness of the token’s release, with many speculating that key players had prior knowledge of the upcoming announcement.

Insider Profits Raise Questions on Market Manipulation

The details were covered by the Financial Times, and it revealed that insiders made $99.6 million from the token hours before its launch. The report showed about 24 addresses that spent $2.6 million on 16.77 million tokens within just two and a half minutes before Melania Trump shared the news on her Truth Social account.

This big movement caused a ‘trading frenzy,’ allowing the price of MELANIA to significantly increase. Most of the addresses sold off their tokens quickly, making huge profits, with almost 81% of the sales happening within 12 hours of launch. A particular address spent $681,000 to buy the token 64 seconds before the announcement and earned $39 million within 12 hours after the announcement, plus an additional $4.4 million after three days.

While this raised concerns about insider trading, the SEC stated that memecoins are considered collectibles rather than securities, implying that traditional rules that govern securities don’t apply to insider trading.

Since March 16, the MELANIA team has moved over about 41.675 million tokens from community and liquidity wallets, selling them on exchanges and adding their own liquidity.

Most of the funds were either changed to USDC or taken out. Even though many in the crypto space have questioned the ongoing sales, the token team has not released any public statements.

Read More: Cardano’s Major Update Could Shatter Solana’s Coinmarketcap Position, Coldware Touches $0.00625

The MELANIA Success Story: How an Early Bet Made $59.57 Million in Crypto

by

  • An early investor in MELANIA turned $680K into $59.57 million after purchasing 5.2 million tokens at launch and selling at a profit.
  • The investor sold 2.7 million MELANIA tokens for $30.4 million, achieving an average selling price of $11.25 per token.
  • Despite selling, the investor still holds 2.5 million MELANIA tokens, now worth $29.85 million, bringing total profits to $59.57 million.

One of the earliest investors in the new cryptocurrency MELANIA has been able to reap huge returns after the token’s price surged immediately after its launch. The investor, who had bought 5.2 million MELANIA tokens right after their launch, is now enjoying the total profit of $59.57 million.

The journey started when the investor bought 5,203,000,000 MELANIA tokens at 0.000130 SOL per token or $680,000 with 2,500 SOL. This prompt move placed the investor to take advantage of the token’s meteoric rise in value.

AD 4nXcaYye7zPtllU37KKQ0vv7WkKLfHAi4Wt2lbtkbYHJF5pyVgt8RrYoKCOssjrCtVccK83X2EgimTLULmwbXmVEC3iP0uRjZ5p4yM3uRvnVALcwgdjiYh2gan7vhE8QvYwSe0GR2fQ?key=OYLXyEUiOUw94gGtnpa9P0F4

Source: Arkham

Strategic MELANIA Sell-Off

Once the price of token increased, the investor started to sell some of the holding in the company. Up to now they have sold 2.703 million copies of MELANIA for a total of $30.4 million. This sale was made at an average of $11.25 per token which is quite an improvement given that the tokens were bought at $0.13 each.

However, the investor has still kept 2.5 million token tokens which is equivalent to $29.85 million in the current market prices after the sales. The current worth of the portfolio is $59.57 million including the sold tokens and unsold tokens.

Crypto Investment Potential

This story illustrates well the huge potential of earning in the world of cryptocurrency: the sooner one enters the market and the more accurately one times the entry, the bigger the payoff. A token that was launched in the market without much ado, has become the centre of attention among the crypto community especially those who bought in when the token was initially being launched.

It has recently seen a meteoric rise in valuation and this has led to conversations within the community regarding its future and stability Like most other newly launched cryptocurrencies, MELANIA market value is volatile, and the prospects for the future are not fully clear.

This account of MELANIA’s early adoption, not to mention its success, should be enough to inspire potential investors to take that risk in the still uncharted territory of digital currencies. As to whether the token will be able to hold on to the high prices in the future only time will tell but as of now this investor is a example of how one can do well in the crypto market.