The mystery of $MELANIA: First Lady's memecoin fuels $100M insider trading windfall
An extensive financial investigation revealed a sophisticated insider trading scheme involving the $MELANIA memecoin. 24 crypto wallets purchased $2.6 million in tokens just moments before the public launch, with one wallet tied to cryptocurrency entrepreneur Hayden Davis generating a $39 million profit within 24 hours. The coordinated trading raised serious ethical concerns about conflicts of interest in cryptocurrency ventures connected to the Trump family.
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Sources (3)
- The mystery of $MELANIA: First Lady's memecoin fuels insider windfall (2025-05-13)
- A group of anonymous traders scored a $100 million payday by buying Melania Trump's memecoin just before it launched publicly (2025-05-07)
- MELANIA memecoin insiders reportedly make over $150 million including pre-sale trades (2025-05-13)
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