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MELANIA memecoin whale nets $36.5M profit amid 'rug pull' concerns
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One crypto trader invested $800,000 into Melania Trump’s official memecoin, dubbed Official Melania Meme (MELANIA), and generated over 1,950% in profits,
MELANIA’s 25,600% price surge mints millionaires
The Solana user, identified by the address 4zo6…zHF2, bought 800,000 USD Coin (USDC) on Jan. 20 and turned those holdings into 16.45 million USDC, amounting to nearly 2000% in gains within just 12 hours.
Is MELANIA a “rug pull”?
Following the MELANIA memecoin launch, some analysts have raised concerns about its token distribution, website security, and team organization.
Blockchain analytics platform Bubblemaps revealed that nearly 90% of MELANIA’s token supply is held in a single wallet, contradicting the project’s claims of fairly distributed allocation.
