• 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

APEMARS Emerges as a Strong 1000x Meme Coin Contender

chest

APEMARS is gaining traction as a potential 1000x meme coin, currently in its presale phase with significant growth metrics.

user avatarEmily Carter

Macro Risk Reduction Seen in Crypto Markets

chest

Simultaneous outflows from Bitcoin, Ethereum, and Solana ETFs suggest broad risk-off positioning among investors.

user avatarTomas Novak

Ethereum Tests Key Resistance Trendline Amid Market Uncertainty

chest

Ethereum is testing a significant trendline that has been a strong resistance zone, with repeated rejections indicating seller dominance.

user avatarKaterina Papadopoulou

ICE Completes $600 Million Investment in Polymarket

chest

Intercontinental Exchange (ICE) has completed a $600 million investment in Polymarket, increasing its total commitment to $1.6 billion.

user avatarMaya Lundqvist

Current Altcoin Momentum Resembles 2020 MACD Crossover Phase

chest

Market observers are noting similarities between the current altcoin momentum and the MACD crossover phase of 2020, which preceded a significant capital rotation into alternative assets.

user avatarLi Weicheng

Algorand Focuses on Scalability and Practical Finance

chest

Algorand is emphasizing scalability and low transaction costs, targeting practical finance applications in a competitive Layer 1 blockchain market.

user avatarLeo van der Veen

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.