Your World, Fully Explored.
Published loading...Updated

A group of anonymous traders scored a $100 million payday by buying Melania Trump's memecoin just before it launched publicly

  • Melania Trump launched her cryptocurrency token $MELANIA on January 19, 2025, hours before President Trump's inauguration via a Truth Social post.
  • Shortly before the public reveal, approximately 24 cryptocurrency addresses acquired $2.6 million in $MELANIA tokens within a span of under three minutes, indicating potential insider trading.
  • These traders sold approximately 81% of their holdings within 12 hours after the token’s price surge, with one wallet buying $681,000 shortly before launch and later selling $39 million within 24 hours.
  • Separately from the roughly $100 million earned by early investors, the group behind $MELANIA, operating via Delaware-based MKT World LLC, has withdrawn approximately $64.7 million generated from initial token sales and related fees.
  • This rapid trading episode highlights ethical concerns and regulatory gaps surrounding politically connected memecoins and the potential for exploitation in crypto markets.
Insights by Ground AI
Does this summary seem wrong?

20 Articles

All
Left
2
Center
1
Right
2
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources lean Left, 40% of the sources lean Right
40% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

borsen.dk broke the news in on Tuesday, May 6, 2025.
Sources are mostly out of (0)