Investor Nets $47.5M from Melania Trump’s Memecoin Surge

Donald Trump’s inauguration has sparked major buzz in the cryptocurrency world, with much of the excitement centered around the memecoins TRUMP and MELANIA launched by the President and First Lady.

Among the headlines is the story of a savvy investor who reportedly made a staggering $47.5 million from trading MELANIA tokens.

Blockchain analytics platform Lookonchain revealed that the investor used two separate wallets to execute their trades.

One wallet, identified as 7Aud…KnVR, invested 2,100 SOL (worth approximately $560,000) to acquire 1.52 million MELANIA tokens. The tokens were later sold for 46,453 SOL (equivalent to $11.5 million), resulting in a profit of 44,353 SOL (around $11 million).

The second wallet, 4zo6…zHF2, spent 800,000 USDC to purchase 3.84 million MELANIA tokens. Half of these tokens were sold for 16.45 million USDC , leaving the wallet with 1.92 million MELANIA still in possession, valued at $20.85 million. This wallet’s total profit amounted to an impressive $36.5 million.

The success of this investor highlights the intense market activity surrounding the Trump family’s memecoins, reflecting both the opportunities and volatility inherent in the cryptocurrency space.