According to the Financial Times reported by Foresight News, after the MELANIA token was launched on January 19, a few traders made nearly $100 million through insider trading. On-chain data shows that 24 wallet addresses purchased 2.6 million tokens 3 minutes before the announcement of Trump's wife's token, after which the price soared, with 81% of tokens sold within 12 hours. MELANIA is marketed by MKT World LLC, with organizers extracting $64.7 million in revenue, while early insider traders profited $99.6 million. The token activity may be associated with Texas crypto entrepreneur Hayden Davis, though he denies profiting from it.
Financial Times: MELANIA token insider traders make nearly $100 million
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