Crypto Whale Spends $10 Million on Melania
The whale took $10 million from Binance to get 6.69 million Melania coins at $1.5.
Melania is up 17% today, to $799 million.
Crypto whale makes over $1 million after buying Melania's coins. Melania's market cap is around $799 million, up 17% today.
Crypto Whale Buys Melania 6.69 Million
Lookonchain data shows that a mysterious crypto whale created a new wallet and withdrew 10 million USDC from Binance a few hours ago.
At $1.50, the whale received 6.69 million coins from Melania.
With Melania trading at over $1.6, the crypto whale has made nearly $1 million by holding the coins.
Melania, 17% up today
Melania is trading at $1.65, up about 17% today. The market valuation of the coin is about $799 million, and about $155 million is traded daily.
Today, Melania has risen from $1.39 to its current price in less than four hours. Melania's price is up more than 8% since 1 p.m.
What is Melania?
Melania Trump, Donald Trump's wife, said on X on January 19 that fans could buy memecoins for the official Melania meme. Trump told his X account about his wife's news.
Melania's memecoin site allowed merchants to obtain coins using debit cards or cryptocurrencies. Jupiter helped the initiative provide safe and fast shopping.
The next day, January 20, Binance Futures launched the MELANIAUSDT$ perpetual contract with 25x leverage.