This Lucky Crypto Trader Made Over $100 Million on Trump's Meme Coin

When Donald Trump announced his own meme coin on Friday, many traders saw a golden opportunity, and one particular trader hit the jackpot. This individual made a staggering amount of money in a very short span of time.

Just four hours before Trump's unexpected announcement of the TRUMP coin, an anonymous user created a new crypto wallet, named "6QSc2". The user loaded this wallet with over $1 million in SOL and awaited the announcement.

Within just thirty seconds of Trump's meme coin reveal on Truth Social that Friday evening, the wallet executed a massive purchase of over 5.9 million TRUMP tokens, using the entire $1 million investment. Remarkably, within hours, the value of those tokens skyrocketed to over $116 million.

This shrewd trader then divided the TRUMP tokens into ten different Solana wallets, starting to sell off portions of their massive gains the following day. By Monday morning, the analysis conducted by the on-chain research firm Bubblemaps indicated that the trader had sold approximately $85 million worth of the TRUMP tokens while still retaining around $75 million in assets before further sales. Currently, data from the blockchain reveals that these wallets together now hold only about $18 million worth of the meme coin, suggesting that most of the tokens have already been sold off.

The excitement didn't stop there. Following her husband's footsteps, First Lady Melania Trump launched her own meme coin on Sunday. This lucky trader was quick to act again, connecting one of their wallets to purchase a significant amount of MELANIA tokens just a minute and a half after Melania's post on Truth Social, and a whole minute before the launch was announced on X.

Interestingly, to finance this new purchase, the trader sold $45 million worth of TRUMP tokens, which resulted in a nearly 50% drop in the value of the TRUMP coin shortly after the announcement of MELANIA. This decline was highlighted by the analysis from Bubblemaps.

Other stories have circulated on X about several early investors in the TRUMP token who also made significant profits, raising suspicions of insider trading. Nonetheless, Decrypt has been unable to confirm any instances of information leaks. However, the cluster of wallets linked to the trader who made these significant profits has prompted speculation.

A range of investors and analysts noted how this trader made such a large buy order just before many crypto users even comprehended the news, suggesting they might have had prior knowledge. It is possible that the trader simply got lucky with timing, utilizing a freshly created wallet to make a quick investment. Notably, the transaction history of their wallets indicates a pattern of actively trading various meme coins over the last few months, including a recent investment in another notable meme coin.

However, there is a chance this trader had some connections and received information about the impending launch of the TRUMP meme coin. During the weekend, several Solana decentralized finance projects—like Jupiter, Meteora, and Moonshot—revealed that they worked with the TRUMP token team before the launch, aiming for its successful release.

Despite the token generating extraordinary activity on the Solana network, questions still linger about how many people working on these projects had advance knowledge of the coin's launch and whether any unethical practices occurred.

Some prominent figures in the cryptocurrency community have been open about potentially receiving insider information regarding the MELANIA token launch. Ran Neuner, the co-founder and CEO of Onchain Capital, subtly acknowledged this in a post on X, suggesting that the Trumps were capitalizing on the crypto market's liquidity.

Despite his mixed feelings about the TRUMP coin, he admitted to having prior knowledge of the MELANIA launch and profiting from it. In fact, about an hour and a half before Melania's announcement on Truth Social, Neuner made a public post regarding the upcoming MELANIA token.

As for the current status of these tokens, the TRUMP coin is up about 8% at around $43.94, providing a fully diluted value exceeding $43 billion. Meanwhile, the MELANIA token has decreased by nearly 24%, sitting at about $4.60 with a fully diluted value around $4.6 billion.

crypto, trader, Trump