Crypto Whale Invests $10M in MELANIA, Making $1M in Profit

Recently, a crypto whale 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 made nearly $1 million.

MELANIA Soars 17%, Market Cap Nears $799M

MELANIA is currently trading at $1.65, marking a 17% increase for the day. The token’s market cap has reached approximately $799 million, with a daily trading volume of around $155 million. In just four hours, MELANIA rose from $1.39 to its current price, gaining over 8% since 1 PM.

MELANIA’s Connection to Memecoins

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 allowed users to purchase the coin using debit cards or cryptocurrencies, with Jupiter facilitating secure transactions.

The following day, Binance Futures introduced the MELANIAUSDT Perpetual Contract, offering traders up to 25x leverage.

$MELANIA $ETH