Overview

• Two dozen digital wallets purchased $2.6 million worth of $MELANIA tokens in the 2.5 minutes before Melania Trump’s January 19 Truth Social announcement.
• Traders who bought before the announcement collectively earned nearly $100 million in profits, with one wallet netting $39 million within 24 hours.
• Entities behind the $MELANIA token launch withdrew $64.7 million in profits from fees and primary token sales, according to the Financial Times.
• Unlike Donald Trump’s $TRUMP token, launched two days earlier, the $MELANIA coin saw significant pre-announcement trading activity.
• The controversy highlights ethical concerns and the lack of regulatory oversight in speculative cryptocurrency markets, prompting calls for stricter frameworks.