Melania Trump’s token launch has sparked an investigation into alleged insider trading, with key investors reportedly making $100 million profit within 12 hours. This incident raises concerns about the integrity of celebrity-backed digital assets.
The incident involved over 20 wallets acquiring tokens worth $2.6 million immediately after the launch. Most tokens were sold shortly after, linking the traders to crypto entrepreneur Hayden Davis.
Market reactions reflect ongoing volatility, drawing comparisons to past scandals. Analysts warn this situation could lead to increased regulatory scrutiny within the rapidly evolving cryptocurrency landscape.
Full story here: https://coincu.com/335965-melania-token-insider-trading-probe
