Whale Dumps Entire Stash of US First Lady Melania Trump’s Official Memecoin at $15,680,000 Loss: Lookonchain
Whale Dumps Entire Stash of US First Lady Melania Trump’s Official Memecoin at $15,680,000 Loss: Lookonchain
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tldr; A crypto trader incurred a $15.68 million loss after selling nearly 14 million Melania (MELANIA) tokens, the official memecoin of Melania Trump, which they had purchased for $30 million. Another trader lost $3.73 million on MELANIA trades. The token is down 93.5% from its all-time high. Similarly, a whale trading the TRUMP memecoin, linked to Donald Trump, faced a $24.4 million loss. Both tokens have seen significant value drops, and legislation is being proposed to prevent lawmakers from profiting off meme assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
xd
Good.
Oh no, that poor whale!
Surprised there was enough liquidity for them to dump all these tokens in one shot
I did NOT see that happening!
/s
How can someone with so much money be so ignorant of meme coin dynamics?
🤣🤡
Ha ha.
What a whale
Oh that’s awful ,should have bought Tesla , oh hang on
Oh noes…
*anyway*
Thats a fat campaign donation.
that hypothesis where the current administration is using these tokens as places for people to pay them through crypto anonymously and just showing the receipt receipts independent of what the value of it goes to
Awesome, somehow they’ll still mental gymnast this into being someone other than the Grifter in Command’s fault. His supporters never learn.
Not feeling like opening the link, how many percentage did they lose?
Uh, follow the money.
Hmmm, who’s pockets got filled? – POTUS
Hard not to see this ‘rugpull’ as a means of paying for favors (hello Russia)
imagine being this regarded with this much money in the bank…
… was it Melania?
Well deserved!
This shit makes me so happy
If you buy those you deserve to lose money.
Are we pretending like these purchases from wealthy people were nothing more than illegal off the books financial contributions to the Trumps? The ease at which anyone in the world can dump a bunch of money into the meme coin owner’s pocket, untraceable is astonishing.
Lol poor only 15 mil… Oh wait
I am shocked /s 
Now I don’t feel bad losing 800$
So why is this not the end of a money-laundering bribe?
So, someone is buying it still?
No whale is that dumb. It’s bribe money. They provided exit liquidity for trump and co
Melania panic selling
I’ll never understand why someone with that much money is pissing it on memecoins.
I know this is a pro-crypto sub, but if I had $15m in my bank, I’d throw it into dividend paying stocks and live off a 3% yield (around $450k a year), I wouldn’t even dream of touching memecoins.
Guess some people are just too greedy for their own good.
Ah, the system is working just as it was designed to. Some anonymous person has given $15M to the Trumps, and it was all anonymous and legal.
Trump and melanoma coin literally the cause of alt coin losses since Jan 19
It is bribes to the Trump campaign plain and simple. Anyone with half a brain knew what their meme coins were about from the start.