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Some wallets made a profit of about $100 million by buying the Trump Mrs. Meme Token MELANIA in advance.
On May 7, according to the Financial Times, some Crypto Assets traders spent about $2.6 million to buy MELANIA Tokens just minutes before First Lady Melania Trump announced the launch of her personal Meme coin on social media. After the First Lady announced the Meme coin on social media, the price soared from about $2 to $12.95, a rise of 550%. These traders sold out within 12 hours, making a profit of about $100 million. A total of 24 accounts purchased 16.7 million MELANIA Tokens, while the total amount of Tokens originally scheduled for issuance was 200 million. Just 42 seconds after the Token release, another 22 accounts bought Tokens worth about $900,000.