At the beginning of January, the current US presidential couple was massively talked about. Indeed, in turn, Donald then Melania Trump launched their same on Solana. Quickly, the latter reached explosive valuations, before seeing their course inevitably collapsing. Unsurprisingly, rumors of initiate offense is gradually emerging.
- The American presidential couple launched the same on Solana, arousing an initiate crime scandal.
- The extraordinary profits of $ 100 million were made by traders thanks to the Melania token, raising disturbing suspicions.
Traders make $ 100 million on the Melania token
Tuesday, May 6, experts from Financial Times have revealed important suspicion of initiate on the launch of the Melania token. As a reminder, the initiate’s offense occurs when a person uses private information in order to invest in the markets and take advantage of the announcement effect.
Thus, according to the Financial Times, a group of traders would have achieved approximately $ 100 million in profits. And this, by buying the same melania shortly before its official launch.
In practice, within two minutes before the token announcement was made, dozens of wallets bought Melania. In total, they bought $ 2.6 million in Melania.
They then massively sold the tokens bought following the official announcement. Still according to the Financial Times, 81% of sales took place within 12 hours after the publication.
$ 39 million in 24 hours
One of the traders, bought the equivalent of $ 600,000 in Melania tokens only 64 seconds after its launch.
Within the 24 -hour launch, the trader carried out $ 39 million in profits By reselling the majority of his Melania. He will add $ 4.4 million in profits within 3 days. This makes a total of $ 43.4 million in profit for a single trader.
In all, the 24 traders which were the first to invest in the token won 8% of the total supply in circulation.
For their part, the teams behind the launch of the token also took advantage of Melania. In total, they have so far achieved a profit of $ 64 million via primary costs and sales.
A situation that is not particularly surprising. Hayden Davis, also behind Javier Milei’s libra tokenwas involved in the launch of Melania. In view of the manipulations carried out on the libra, there is a strong chance that similar maneuvers were carried out on the Melania.