Melania Memecoin: $99 Million Profit From Pre-Launch Sales Sparks Controversy

A recent investigation reveals a group of traders made nearly $100 million buying the MELANIA memetoken just minutes before its launch. The Financial Times (FT) analyzed blockchain data to uncover these transactions, estimating combined profits at $99.6 million. This move raises eyebrows regarding transparency and potential conflicts of interest in the cryptocurrency space. The token’s launch coincided with Melania Trump’s official announcement on Truth Social, marking a controversial entry into the burgeoning world of memecoins. 24 wallets purchased millions in MELANIA prior to the official launch, holding a significant portion (33.4%) of the tokens.