An unofficial meme cryptocurrency named BARRON, named after US President Donald Trump’s youngest son Barron Trump, has made a staggering $1 million in profits for an internal wallet before crashing dramatically. The coin, which is allegedly owned by Barron Trump, was launched on January 20 as part of the cryptocurrency wave launched by Donald Trump and First Lady Melania Trump with the tokens TRUMP and MELANIA. Despite being unofficial, the coin attracted many traders on the Solana network and its market cap peaked at $72 million, but it later halved. According to GMGNA data, an internal wallet was able to buy 136.35 million of the coin for $1,048 in Solana coins and then sold them for 4,405 Solana, netting a profit of $1.05 million. However, the coin has seen a significant decline in the past 24 hours, dropping by more than 20% with a trading volume of $432 million while its market cap remained at $33 million and liquidity at $2.9 million. On the other hand, Onchain Lens revealed that there were several internal wallets that exploited the coin’s trading, causing significant losses to investors. These losses come amid an initial surge in most meme coins, which often see a rapid collapse shortly after their launch.Official Currencies TRUMP MELANIA