Melania Token Insider Profits Spark Debate as Memecoin Slumps

A new report from The Financial Times has exposed a concerning pattern of insider trading surrounding the MELANIA memecoin, as insiders profited over $100 million before its official launch. The investigation identified 24 addresses that bought millions of MELANIA tokens for a small sum just minutes before Melania Trump’s Truth Social post and cashed out, capitalizing on the ensuing market surge. The report highlights the rapid sell-off within hours of the announcement, raising questions about insider trading practices and potential legal ramifications.