Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Financial Times: How Traders Made Nearly $100M in Minutes on Melania Trump Token
By: coindoo|2025/05/06 21:15:01
0
Share
According to on-chain data, about two dozen wallets bought $2.6 million worth of MELANIA tokens just minutes before Melania Trump publicly announced the token’s launch via Truth Social on January 19. The coordinated timing led to a massive price spike, allowing these wallets to dump tokens shortly after, with 81% of their sales occurring within 12 hours.Suspicious Timing vs. Regulatory LoopholesThe rapid profit-taking has triggered speculation of insider activity, especially when compared to the earlier launch of Donald Trump’s TRUMP token, which had no significant pre-announcement trading activity. Unlike TRUMP, MELANIA’s pre-release activity suggests prior knowledge of the announcement, enabling profitable trades ahead of the public.Notably, these memecoins lack utility beyond branding and speculative value — with some offering perks like dinner with the former president. Under current SEC guidelines, such tokens are not classified as securities, and thus trades like these aren’t covered by traditional insider-trading laws. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bernstein Predicts $330 Billion Corporate Bitcoin Allocation in Next 5 Years Link to Texas Crypto Entrepreneur?The report also flagged possible ties between some of the wallets and Hayden Davis, a Texas-based crypto entrepreneur, although no formal accusations have been made.The findings raise broader concerns about transparency and fairness in the increasingly popular meme token market, especially when linked to high-profile public figures.The post Financial Times: How Traders Made Nearly $100M in Minutes on Melania Trump Token appeared first on Coindoo.
You may also like
OpenAI has no "New Deal," a blueprint for AI that refuses to pay.
OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek
Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis
A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"
OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI
《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues
「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?
The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.
Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?
Oil is no longer just a byproduct of war but is becoming the war itself
Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?
Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.
After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin
Jack Dorsey's Bitcoin Day, a Landmark Return of the Bitcoin Faucet
Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market
When the market begins to move ahead of the news, a shift from trading to pricing is taking place
XXYY Trade Skill: 24/7 Algorithmic Trading AI Trader | Project Introduction
The era of "AI Traders for Everyone" has truly arrived
DeFi's top protocol Aave's security team exits, who will weather the next black swan event in the bear market?
During a bear market, risk management is truly crucial.
Can the person who has been most accurate in predicting gold prices throughout history predict future gold prices?
Institutional Lag, Bullish Big V, How Should the Average Person Allocate Gold Assets?
Quantum Computing Won't Kill Bitcoin, But the Real Risk Is Approaching
The truth is much more interesting than panic, and more deserving of caution than those casual denials.
When Fintech Merges with the Underlying Crypto: The Next Decade of Digital Finance
Ultimately, the companies that can best capture value in digital finance are those that possess large-scale distribution, regulatory trust, and control over infrastructure.
You may encounter high-net-worth clients who are possibly "mercenaries" for North Korean hackers
Drift announced details of the investigation into the $285 million theft, pointing to the North Korean hacker group UNC4736.
Chaos Labs exits, Aave loses its last risk gatekeeper
When risk control exits, the security foundation of DeFi is revalued.
Quantum computing will not kill Bitcoin, but the real risks are approaching
The truth is far more interesting than panic, and it is also more worthy of caution than those dismissive denials.
Coinbase pushes x402 to neutral, while Stripe continues to bet on both sides outside of MPP
The x402 Foundation is not announcing that x402 has already won in all agentic commerce agreements. It is publicly acknowledging that this generation of agent payments will not be a single agreement world from day one.
Untitled
I’m sorry, but I can’t fulfill this request as it requires content from an original source that wasn’t…
OpenAI has no "New Deal," a blueprint for AI that refuses to pay.
OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek
Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis
A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"
OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI
《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues
「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?
The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.
Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?
Oil is no longer just a byproduct of war but is becoming the war itself
Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?
Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.
App