The Curious Story Behind The Melania Trump Meme Coin Launch
The launch of the Melania (CRYPTO: MELANIA) meme coin, tied to former First Lady Melania Trump, has stirred controversy following a series of unusually timed trades that suggest some investors had early access before its official debut.
What Happened: Within minutes of the token’s quiet creation and prior to any public acknowledgment by Melania Trump on Truth Social, 24 crypto wallets purchased $2.6 million worth of MELANIA, the Financial Times reported on Monday.
Just days later, those same wallets offloaded their positions for a staggering $100 million in profits.
The speed, scale and timing of these trades raise serious concerns over how information was distributed ahead of launch.
Meme coins, unlike traditional IPOs, are often priced near zero initially and allowed to find market value.
This dynamic attracts …
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