Gain of 6,208% in Only 4 Days on MELANIA Memecoin: Lookonchain Traded

One cryptocurrency trader is reportedly eyeing multi-million dollar gains after trading Melania Trump's official memecoin, according to blockchain monitoring company Lookonchain.

After the digital asset's introduction on Sunday—the day before Trump's presidential inauguration—the trader reportedly bought 5.2 million Melania (MELANIA) coins at a price of $0.13 each, according to Lookonchain.


The trader put $688,000 into MELANIA, and four days later, he made $42.7 million after selling every token. This was a gain of 6,208%.

He made $42.7 million (62x) after selling all of Melania! He invested 2,500 SOL ($688,000) in 5.2 million MELANIA at $0.13 each, and then he sold them all for $43.4 million, an average price of $8.34 each, for a profit of $42.7 million—a 62x return!

Another trader who was an early investment in MELANIA also made big returns, according to Lookonchain.

In the span of a few hours, this individual amassed an astonishing $66 million or more on MELANIA! In a single day, this individual paid 2,500 $SOL ($688,000) for 5.02M MELANIA, then made 2.14 million #USDC selling 203,000 MELANIA, leaving 5 million MELANIA, which is valued $64.9 million!

Melania Trump, the first lady, debuted her memecoin the day after her husband, the then-president-elect Trump, did the same.

As of this writing, MELANIA is selling for $2.76, a 19.5% decrease from the previous day. Memecoin, built on the Solana (SOL) platform, is the 227th biggest cryptocurrency project by market cap, with $413.8 million.

At the same time, Official Trump (TRUMP) is selling for $33.19, a decrease of 13.6% from the previous trading session. The SOL-based memecoin ranks as the thirty-first biggest cryptocurrency project by market capitalization, which is $6.6 billion.


#MELENIA #TRUMP $TRUMP