Crypto Whale Invests $10M in MELANIA, Making $1M in Profit
A crypto whale recently withdrew 10 million USDC from Binance to purchase 6.69 million MELANIA tokens at $1.50 each. With MELANIA now trading above $1.60, the investor has already gained nearly $1 million.
MELANIA Surges 17%, Market Cap Nears $799M
MELANIA is currently trading at $1.65, marking a 17% increase for the day. The token's market capitalization has reached approximately $799 million, with a daily trading volume of around $155 million. Within just four hours, MELANIA climbed from $1.39 to its current price, gaining over 8% since 1 PM.
The MELANIA Memecoin Connection
MELANIA is a memecoin linked to former First Lady Melania Trump. On January 19, she announced on X that fans could purchase the token as part of the "Official Melania Meme" initiative. The project's website enabled users to buy the coin using debit cards or cryptocurrency, with Jupiter facilitating secure transactions.
The following day, Binance Futures introduced the MELANIAUSDT Perpetual Contract, offering traders up to 25x leverage.