An anonymous trader made a substantial profit after investing $1 million in the Solana cryptocurrency just hours before Donald Trump announced the launch of his meme coin, TRUMP. The trader quickly bought over 5.9 million TRUMP tokens, which were then worth over $116 million within hours. The trader split their tokens into multiple wallets and sold off significant portions, making around $85 million. The trader also made a large purchase of the MELANIA token after the First Lady launched her own meme coin, causing the TRUMP token to crash. There are suspicions of insider trading due to the trader's early purchases and connected wallets. It is unclear if the trader had insider information or was simply in the right place at the right time. Several Solana decentralized finance projects had prior knowledge and worked with the TRUMP token team for a smooth launch. A high-profile crypto personality, Ran Neuner, seemed to admit to having inside information about the MELANIA token and profiting from it. Trump's token is currently up, while MELANIA's value has decreased.



Other News from Today