A group of crypto traders reportedly profited approximately $100 million by buying Melania Trump’s memecoins just minutes prior to her announcement of the launch on social media. According to a Financial Times report from May 6, the traders invested around $2.6 million in MELANIA tokens before the official launch on January 19, witnessing a surge in price from about $2.00 to $12.95—an increase of 550%. The traders sold their holdings within 12 hours after the announcement. A total of 24 accounts acquired 16.7 million of the 200 million MELANIA tokens available for sale during the launch. Both the MELANIA and TRUMP tokens have faced scrutiny from lawmakers regarding potential conflicts of interest and corruption. Following the launch, both tokens saw significant price drops, with MELANIA trading at $0.31 by the time of publication. Critics have raised concerns over the potential for insiders to exploit the situation against investors, especially since two companies linked to Trump control a substantial supply of the TRUMP token.

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