The crypto world has been buzzing with the meteoric rise of Official Melania Meme (MELANIA), as traders have achieved mind-blowing profits from this memecoin.
💰 Massive Gains in Hours
A crypto trader with the Solana address 4zo6…zHF2 turned a $800,000 investment into $16.45 million within just 12 hours, achieving a staggering 1,950% profit, according to Lookonchain.
🔹 Another trader turned $560,000 into $11.5 million.
🔹 A third walked away with $47.5 million in profits.
MELANIA’s price soared by an unprecedented 25,600% within hours of its launch, drawing massive attention from the crypto community.
🌟 Key Highlights
Melania Trump’s Verified X Announcement: The memecoin gained traction after being announced on her official X account.
500,000 Holders: Within hours, MELANIA amassed half a million holders, per DEX Screener data.
Top 10 Cryptocurrency by Volume: MELANIA has quickly become one of the most traded cryptocurrencies.
Its rise coincided with buzz around Donald Trump’s second-term inauguration and the debut of the Official TRUMP ($TRUMP) memecoin, which also skyrocketed into the top 20 cryptocurrencies by market cap.
⚠️ Concerns About Transparency
Despite its incredible success, MELANIA has faced criticism regarding its structure:
Centralized Supply: Blockchain analytics from Bubblemaps revealed that 90% of the token’s supply is controlled by a single wallet, raising questions about fairness.
Website Issues: Critics pointed out weak cybersecurity and rushed development of MELANIA’s website, launched just a day before its debut.
Professionalism: Coinbase executive Conor Grogan likened the project to one run by “college kids,” noting it appears less polished compared to the TRUMP token.
🧐 What’s Next?
MELANIA’s rise has captured global attention, but its lack of transparency and centralized supply could pose risks for future investors. As always, caution is key in the high-risk, high-reward world of memecoins.
📢 Key Takeaway:
Meme coins like MELANIA can offer extraordinary gains, but they also come with extreme risk. Never invest more than you’re willing to lose.
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