Donald Trump’s inauguration has sparked main buzz within the cryptocurrency world, with a lot of the thrill centered across the memecoins TRUMP and MELANIA launched by the President and First Girl.
Among the many headlines is the story of a savvy investor who reportedly made a staggering $47.5 million from buying and selling MELANIA tokens.
Blockchain analytics platform Lookonchain revealed that the investor used two separate wallets to execute their trades.
One pockets, recognized as 7Aud…KnVR, invested 2,100 SOL (value roughly $560,000) to amass 1.52 million MELANIA tokens. The tokens had been later bought for 46,453 SOL (equal to $11.5 million), leading to a revenue of 44,353 SOL (round $11 million).
The second pockets, 4zo6…zHF2, spent 800,000 USDC to buy 3.84 million MELANIA tokens. Half of those tokens had been bought for 16.45 million USDC, leaving the pockets with 1.92 million MELANIA nonetheless in possession, valued at $20.85 million. This pockets’s whole revenue amounted to a powerful $36.5 million.
The success of this investor highlights the extraordinary market exercise surrounding the Trump household’s memecoins, reflecting each the alternatives and volatility inherent within the cryptocurrency house.
