Traders Turn $2.6 Million Into $99.6 Million, Thanks to Melania Trump’s Memecoin

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In a tale that could only be woven in the wild, wild world of cryptocurrencies, a plucky band of traders has managed to turn a mere $2.6 million into an eye-watering $99.6 million. How, you ask? With the magical powers of the Melania Trump memecoin, of course—otherwise known as MELANIA. A Financial Times report, which, unsurprisingly, didn’t paint a picture of fiscal propriety, spilled the beans on this delightful escapade.

It all began on January 19, when, in a move that could only be described as ‘timing is everything,’ a select few digital wallets—about two dozen, give or take a few—scooped up a mountain of tokens just minutes before the memecoin was publicly announced. They must have been working off some sort of psychic hotline to Melania’s social media posts, as the token’s value skyrocketed the moment her tweet hit the internet.

In a display of remarkable opportunism, these traders didn’t hesitate to do what any sensible person would do: sell, sell, sell. A mere 12 hours after their virtual coin haul, 81% of their MELANIA tokens were offloaded faster than a butler being handed a bill at a posh restaurant. In case you were wondering, this all happened shortly after Donald Trump launched his own TRUMP token, a fact which surely added a dash of family flair to the proceedings. 🤑

Now, let’s talk about the slight hiccup in this otherwise smooth operation: the regulatory oversight—or lack thereof. According to FT’s analysis, these celebrity or political memecoins aren’t classified as securities under U.S. financial regulations. So, no pesky regulations to spoil the fun, eh? It’s a bit like playing Monopoly where you get to ignore the ‘Go to Jail’ card. Oh, the joy of it all!

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2025-05-07 14:16