Melania Trump’s cryptocurrency provoked a 5000% increase in traders' profits

Editor’s note: not investment advice!

The launch of the MELANIA cryptocurrency token associated with the name of Melania Trump caused a loud scandal in the crypto community. The reason was suspicion of insider trading: a few minutes before the official announcement of the meme coin, a group of traders managed to buy $ 2.6 million worth of tokens. After that, their value increased by more than 5000%, which brought instant millions in profit.

One of the key figures involved was a wallet linked to crypto entrepreneur Hayden Davis, who invested $ 681,000 and earned more than $ 43 million in just four days. Davis admitted his involvement in the token launch, but denied using non-public information. At the same time, MKT World LLC, a company affiliated with Melania Trump, received $ 64.7 million in revenue from token sales and commissions.

Unlike the TRUMP token, which was launched without pre-sales, the situation with MELANIA aroused suspicions due to the sudden concentration of large transactions before the official announcement. Market participants point to signs of manipulation that could have been planned in advance to quickly enrich a limited number of people.

Despite the fact that the blockchain allows for traceability of transactions, most of the owners of the wallets involved remain anonymous. This once again emphasizes the lack of proper regulation in the meme-coin sector, where the risks for ordinary investors remain extremely high.

The MELANIA case has highlighted the vulnerability of the crypto market to speculation and get-rich-quick schemes. In the context of the token’s political affiliation, this situation became even more publicized, calling into question the transparency of launches even of assets associated with public figures.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets with high volatility!