• 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

a year 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

Analyst Claims Bitcoin Still Correlates with M2 Money Supply

chest

Crypto analyst KillaXBT argues that Bitcoin's price movements are still aligned with the M2 money supply despite recent deviations.

user avatarElias Mukuru

Spanish Police Take Down Major Illegal Manga Distribution Platform

chest

Spanish National Police dismantled a major illegal manga distribution website operating since 2014, arresting three individuals for intellectual property crimes.

user avatarDiego Alvarez

Regulatory Clarity Key to Sustaining XRP ETF Growth

chest

The future momentum of XRP ETFs may depend on the successful passage of the CLARITY Act, which aims to officially classify XRP as a digital commodity.

user avatarMiguel Rodriguez

Justin Sun Sues World Liberty Financial Amidst Token Collapse

chest

Justin Sun has filed a lawsuit against World Liberty Financial, alleging misconduct and raising concerns about the project's stability amidst a significant drop in token value.

user avatarMaria Fernandez

Spanish Police Discover Hidden Crypto Wallets in Major Raid

chest

Spanish police discovered two hidden crypto cold wallets containing approximately 400,000 euros during a raid in Almera, linked to a major illegal manga distribution platform.

user avatarKenji Takahashi

Canary Capital Maintains Lead in XRP ETF Inflows as Competition Grows

chest

Canary Capital continues to lead XRP ETF inflows with 42186 million, but competition is increasing from Bitwise and Franklin Templeton.

user avatarRajesh Kumar

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.