Investor Gains $47.5 Million from the Surge of Melania Trump’s Memecoin
Jan 20, 2025
Investor Gains $47.5 Million from the Surge of Melania Trump’s Memecoin
Donald Trump’s inauguration has sparked major buzz in the cryptocurrency world, with much of the excitement centered around the memecoins TRUMP and MELANIA launched by the President and First Lady.
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Among the headlines is the story of a savvy investor who reportedly made a staggering $47.5 million from trading MELANIA tokens. Blockchain analytics platform Lookonchain revealed that the investor used two separate wallets to execute their trades.
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One wallet, identified as 7Aud…KnVR, invested 2,100 SOL (worth approximately $560,000) to acquire 1.52 million MELANIA tokens. The tokens were later sold for 46,453 SOL (equivalent to $11.5 million), resulting in a profit of 44,353 SOL (around $11 million).
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READ MORE:
Trump Memecoin Signals New Era of Crypto Adoption, Says Arca CIO
The second wallet, 4zo6…zHF2, spent 800,000 USDC to purchase 3.84 million MELANIA tokens. Half of these tokens were sold for 16.45 million USDC, leaving the wallet with 1.92 million MELANIA still in possession, valued at $20.85 million. This wallet’s total profit amounted to an impressive $36.5 million. The success of this investor highlights the intense market activity surrounding the Trump family’s memecoins, reflecting both the opportunities and volatility inherent in the cryptocurrency space.
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Investor Gains $47.5 Million from the Surge of Melania Trump’s Memecoin
Donald Trump’s inauguration has sparked major buzz in the cryptocurrency world, with much of the excitement centered around the memecoins TRUMP and MELANIA launched by the President and First Lady.
Aqua Ad Server Asynchronous JS Tag – Generated with Revive Adserver v5.5.2
Among the headlines is the story of a savvy investor who reportedly made a staggering $47.5 million from trading MELANIA tokens. Blockchain analytics platform Lookonchain revealed that the investor used two separate wallets to execute their trades.
Aqua Ad Server Asynchronous JS Tag – Generated with Revive Adserver v5.5.2
One wallet, identified as 7Aud…KnVR, invested 2,100 SOL (worth approximately $560,000) to acquire 1.52 million MELANIA tokens. The tokens were later sold for 46,453 SOL (equivalent to $11.5 million), resulting in a profit of 44,353 SOL (around $11 million).
.dark-mode .read-more {background-color: #343a40 !important;}
READ MORE:
Trump Memecoin Signals New Era of Crypto Adoption, Says Arca CIO
The second wallet, 4zo6…zHF2, spent 800,000 USDC to purchase 3.84 million MELANIA tokens. Half of these tokens were sold for 16.45 million USDC, leaving the wallet with 1.92 million MELANIA still in possession, valued at $20.85 million. This wallet’s total profit amounted to an impressive $36.5 million. The success of this investor highlights the intense market activity surrounding the Trump family’s memecoins, reflecting both the opportunities and volatility inherent in the cryptocurrency space.
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