• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

TRUMP and MELANIA Prices Plummet: Investor Loses Millions

user avatar

by Giorgi Kostiuk

10 months ago

Donald Trump's team launched two meme coins which quickly devalued. This led to significant losses for some investors and resulted in accusations of fraudulent schemes.

Introduction to the Meme Coin Situation

After the launch of the TRUMP and MELANIA meme coins, their prices plummeted. TRUMP lost 43.31%, and MELANIA 64% of their value within 24 hours of launch.

Investor Losses on TRUMP and MELANIA Tokens

Analysts discovered that one investor spent $9.5 million to purchase 187.36K TRUMP tokens at an average price of $58.03. Following the price drop, his losses reached $7.08 million. According to analyst [The Data Nerd], this investor still holds 1.82M $MELANIA and 193.7k TRUMP tokens.

This whale suffered a huge loss of $7.08M right now.

Pump-and-Dump Scheme Accusations

Critics accused Trump's team of orchestrating a pump-and-dump scheme with investor funds. This took place ahead of Inauguration Day, suggesting deliberate price inflation for quick sale.

The price drop of TRUMP and MELANIA raises many questions about the methods used by Trump's team, resulting in substantial financial losses for investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kiyosaki Warns of Major Economic Shifts Due to AI

chest

Kiyosaki warns of a major economic crash driven by AI and automation, highlighting the uncertain global financial climate and the need for asset diversification.

user avatarAisha Farooq

Transition from LIBOR to SOFR Enhances Swap Integrity

chest

The transition from LIBOR to SOFR is highlighted as a significant improvement in the reliability of interest rate derivatives.

user avatarBayarjavkhlan Ganbaatar

Ten Proven Strategies for Leveraging Interest Rate Swaps

chest

The article outlines ten strategies for leveraging Interest Rate Swaps to create value and manage risks effectively.

user avatarMohamed Farouk

Mastering Interest Rate Swaps for Financial Optimization

chest

Financial professionals are encouraged to master Interest Rate Swaps (IRS) to enhance returns and manage risks effectively.

user avatarElias Mukuru

Fruugo Marketplace Launches Online Work Platform in India

chest

Fruugo Marketplace Online Work Platform is set to revolutionize digital employment in India.

user avatarTenzin Dorje

MiCA Regulation to Enforce Unified Crypto Rules in EU by 2026

chest

The MiCA regulation will introduce standardized rules for crypto licensing and compliance across the EU starting in 2026.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.