The world of cryptocurrency is full of surprises. It is also full of shady deals.  One of the most recent examples is the Melania coin.  It is a token named after the former First Lady of the United States.  It was launched on January 19.  A few minutes before the public announcement, some traders made a fortune.  They bought large amounts of the token just before it went public.  They made nearly $100 million in profits.  This was all revealed in a detailed investigation.

The suspicious activity involved traders purchasing around $2. 6 million worth of tokens mere minutes before the public disclosure.  The profits were swiftly realized, with approximately 81% of the purchased coins sold within just 12 hours after Melania Trump’s announcement.  This rapid turnover strategy is common among cryptocurrency speculators, known colloquially as “snipers, ” who exploit early knowledge to generate massive returns.

Cryptocurrency trades are recorded on blockchain technology.  This is a transparent ledger system.  Despite the transparency, the identities behind these digital wallets typically remain anonymous.  Memecoins, such as $MELANIA, are speculative assets without intrinsic functions or regulatory oversight similar to traditional securities.  This makes them particularly vulnerable to exploitation.  The lack of regulation leaves retail investors at significant risk from manipulative trading practices.

One particularly notable transaction involved a single digital wallet investing $681, 000 in $MELANIA tokens just 64 seconds before the project’s public announcement.  Within one day, the owner of this wallet had already profited $39 million, eventually earning an additional $4. 4 million over the subsequent three days.  In total, these strategically timed purchases amounted to 16. 7 million of the 200 million $MELANIA tokens made available at launch.  This highlights the substantial advantage gained by traders acting on early information.  This is not the first time that such a thing has happened.  It is also not the last.

The investigation traced one early wallet directly to Hayden Davis.  He is a Texas-based crypto entrepreneur previously linked to questionable crypto launches.  Despite this, Davis publicly denied wrongdoing, stating, “There was no money made from the Melania team. We didn’t take any liquidity out. Zero. ”  Entities behind the $MELANIA token, independent from the pre-launch traders, separately accrued approximately $64. 7 million from primary sales and transaction fees.  Notably, the coin is managed by MKT World LLC, a Delaware-based company associated with Melania Trump since 2021.  Its exact role and profit distribution remain undisclosed.

The Early Bird Crypto Traders and the Melania Coin Mystery

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