Close Menu
Cryprovideos
    What's Hot

    'So Sad': The Trump and Musk Break-Up, Tweet by Tweet – Decrypt

    June 5, 2025

    Maple Finance expands to Solana, deploys yield-bearing stablecoin

    June 5, 2025

    Web3 approach of doing AML? (4 of 6)

    June 5, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»This Fortunate Crypto Dealer Made Over $100 Million on Trump’s Meme Coin – Decrypt
    This Fortunate Crypto Dealer Made Over 0 Million on Trump’s Meme Coin – Decrypt
    Altcoins

    This Fortunate Crypto Dealer Made Over $100 Million on Trump’s Meme Coin – Decrypt

    By Crypto EditorJanuary 21, 2025No Comments5 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    This Fortunate Crypto Dealer Made Over $100 Million on Trump’s Meme Coin – Decrypt

    When Donald Trump launched his personal meme coin on Friday, lots of people made some huge cash in a short time—however there’s at the least one dealer who wager, and received, a considerable amount of cash rather more shortly than most.

    On Friday, 4 hours earlier than Trump made the surprising announcement that he had launched TRUMP, his personal Solana meme coin, an nameless person crammed a brand-spanking-new crypto pockets (recognized as “6QSc2”) with over $1 million {dollars} value of SOL, after which sat ready. 

    Inside thirty seconds of the Trump’s meme coin announcement on Fact Social Friday night, the pockets emptied its complete $1 million clip by buying over 5.9 million TRUMP tokens. Inside hours, these tokens have been value over $116 million. 

    The dealer then break up their large stash of TRUMP tokens into 10 totally different Solana wallets and commenced promoting off big parts of it the subsequent day, in accordance with evaluation by the on-chain analysis agency Bubblemaps. By Monday morning, the dealer had bought $85 million value of TRUMP and was nonetheless sitting on one other $75 million, in accordance with Bubblemaps. For the time being, blockchain knowledge exhibits that the wallets mixed solely maintain $18 million value of the meme coin, with the dealer presumably having bought off a lot of the stash.

    The story doesn’t finish there, although. On Sunday, First Woman Melania Trump adopted her husband’s lead and launched a meme coin of her personal—and our fortunate dealer was early right here once more. One of many wallets related to the person bought an enormous quantity of the MELANIA token inside a minute and a half of the First Woman posting about it on Fact Social, and a full minute earlier than any details about the token had been posted to X.

    The dealer bought $45 million value of TRUMP to apparently fund the acquisition of an enormous MELANIA bag, which brought on the TRUMP token to crash practically 50% in a matter of minutes on Sunday afternoon, in accordance with Bubblemaps. 

    Tales have abounded on X of a number of different early patrons of the TRUMP token who profited handsomely, resulting in suspicion of widespread insider buying and selling. Decrypt has been unable to verify that any insider info was certainly shared, however the cluster of related wallets related to the “6QSc2” account that scored huge is sufficient to elevate eyebrows.

    That’s very true when contemplating the truth that this dealer positioned such an unusually giant purchase order earlier than most crypto customers had absorbed the information and realized it wasn’t the results of an elaborate hack. 

    It’s potential, although, that this dealer simply occurred to be in the proper place on the proper time, with a contemporary pockets locked and loaded, and made the proper name. The transaction historical past of the related wallets suggests it is a person who buys and sells rather a lot of meme cash—and has carried out so for at the least the previous three months. This dealer even sniped among the Hawk Tuah lady’s meme coin throughout its ill-fated launch.

    It’s additionally potential, nevertheless, that that is somebody who could be very nicely related and obtained tipped off that the Trump meme coin was coming. And if insider info was in truth at play, the leak might not have essentially come from Trump’s inside circle or crypto workforce. 

    A number of Solana decentralized finance tasks—equivalent to Jupiter, Meteora, and Moonshot—revealed over the weekend that they labored with the TRUMP token workforce prematurely to make sure a easy launch. 

    The token led to unprecedented ranges of exercise on the Solana community, and many individuals needed to work collectively to verify the infrastructure would maintain. It’s not clear, nevertheless, what number of staff at these tasks had private information of plans for the coin forward of time, and there’s at present no proof to recommend wrongdoing from any supplier.

    We labored intently with the @MeteoraAG workforce on guaranteeing an S tier launch for $TRUMP which is clearly one of many greatest launches within the historical past of crypto.

    Due to the complete scale efforts of the groups, buying and selling and verification went easily because it may have, not simply on… https://t.co/yhjoksr5ky

    — Jupiter 🪐 (@JupiterExchange) January 18, 2025

    No less than one high-profile crypto character, although, appeared to brag overtly about receiving inside info forward of time in regards to the impending launch of the MELANIA token. Ran Neuner, the co-founder and CEO of blockchain funding fund Onchain Capital, appeared to confess as a lot in a submit to X on Monday, lamenting that the Trumps, in his view, have been now “grifting on the expense of the crypto group.”

    I used to be pleased with the $TRUMP coin due to the sign it despatched to the world! After $MELANIA, it’s clear that they’re now grifting on the expense of the whole crypto group – sucking liquidity out of the remainder of the market.

    Don’t get me mistaken, as my timeline exhibits, I do know…

    — Ran Neuner (@cryptomanran) January 20, 2025

    “Don’t get me mistaken,” Neuner wrote. “As my timeline exhibits, I kn[e]w about MELANIA method forward of the launch and clearly profited.” 

    Certainly, practically 90 minutes earlier than the First Woman posted her first announcement in regards to the token on Fact Social, Neuner posted in regards to the soon-to-launch MELANIA token publicly.

    Decrypt reached out to Neuner relating to the submit however didn’t obtain a response.

    Trump’s token is up 8% on Tuesday, to $43.94 at writing. The token nonetheless boasts a totally diluted worth of over $43 billion. MELANIA, in the meantime, is down practically 24% on the day, to $4.60 at writing and a totally diluted worth of $4.6 billion.

    Each day Debrief E-newsletter

    Begin daily with the highest information tales proper now, plus authentic options, a podcast, movies and extra.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Maple Finance expands to Solana, deploys yield-bearing stablecoin

    June 5, 2025

    FBI Cautions Hadera Hashgraph Customers Towards NFT Airdrop Scams

    June 5, 2025

    Listed here are the Greatest Hurdles Ethereum ETH Must Overcome to Hit $3,000 – BlockNews

    June 5, 2025

    Messari Flags XRP's Silent Rise As A Treasury Favourite—Right here's Why

    June 5, 2025
    Latest Posts

    Whale Exercise Triggers Warning for Choose Altcoins Amid Bitcoin Optimism

    June 5, 2025

    Right here's Who Despatched Ross Ulbricht $31 Million in Bitcoin

    June 5, 2025

    Analyst Willy Woo Unveils Bitcoin (BTC) Path to a Potential 188x Rally – Right here’s His Outlook – The Every day Hodl

    June 5, 2025

    Did a Solo Bitcoin Miner Actually Win a $326,000 Reward? – Decrypt

    June 5, 2025

    Trump Media Information for Fact Social Bitcoin ETF – Bitbo

    June 5, 2025

    Cypherpunk Cited by Satoshi Urges Musk to Pivot to Bitcoin

    June 5, 2025

    Bitcoin Life Insurer, In the meantime, Turns into First Firm To Publish Audited Financials Denominated In Bitcoin

    June 5, 2025

    Bitcoin HODLing Hits 2-12 months Excessive – Lengthy-Time period Confidence Builds | Bitcoinist.com

    June 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitcoin, Ethereum, XRP, Solana and Cardano Surge As President Trump Proclaims US Will Set up 'Crypto Strategic Reserve' – The Every day Hodl

    March 2, 2025

    Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1: CoinGecko

    May 1, 2025

    High Crypto Gainers At present Dec 20 – Zeebu, MX Token, Hedera, Beldex

    December 21, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.