Some wallets made a profit of about $100 million by buying Trump’s wife’s meme token MELANIA in advance

According to the Financial Times, Foresight News reported that some cryptocurrency traders spent approximately $2.6 million buying MELANIA tokens minutes before Melania Trump announced the launch of her personal meme coin on social media. After her announcement, the token's price surged from around $2 to $12.95, a 550% increase. These traders sold all their tokens within 12 hours, making a profit of approximately $100 million. The 24 accounts collectively purchased 16.7 million MELANIA tokens, while the total planned token supply was 200 million. Within just 42 seconds after the token's release, another 22 accounts bought tokens worth around $900,000.