A group of anonymous traders scored a $100 million payday by buying Melania Trump’s memecoin just before it launched publicly

Quick Summary:

$MELANIA is down 98% from its peak of $133.73 on the day after its public launch.

During the first two days of the sale, the price of the coin surged, reaching a high of $13.73 on Jan.20, the day following its public announcement.

About 40% of Trump’s net worth, or about $2.9 billion, is made up of crypto according to the nonprofit State Democracy Defenders Action.

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Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets: United States

Topics: Finance Cryptocurrency Melania Trump Donald Trump First lady U.S. Politics Republican Party

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 14:36:27 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 127 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28471996

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 28 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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