Trader Profits Over $100 Million from Trump’s Meme Coin Launch
- An anonymous trader invested $1 million in TRUMP tokens shortly after its launch.
- The trader’s investment grew to over $116 million within hours.
- By Monday, the trader sold $85 million worth of TRUMP and retained $75 million more.
- The TRUMP token’s value crashed nearly 50% following a large sell-off to fund MELANIA token purchases.
- Ran Neuner admitted to having prior knowledge of the MELANIA token launch.
A savvy trader capitalized on the launch of Donald Trump’s meme coin, turning a $1 million investment into over $116 million. The subsequent sale of TRUMP tokens caused a market crash, while suspicions of insider trading arose due to early investments in both TRUMP and MELANIA coins.
Source (2.6)https://decrypt.co/302126/lucky-crypto-trader-over-100-million-trump-meme-coin?rand=52368
