Crypto wallets linked to 24 traders bought 16.7 million MELANIA tokens just minutes before the official launch on January 19, 2025.
The Financial Times reported on May 6 that the traders paid $2.6 million for the tokens ahead of Melania Trump’s public announcement.
The token price increased from $2.00 to $12.95 shortly after the announcement.
The traders reportedly sold within 12 hours, earning nearly $100 million. Another 22 wallets spent $900,000 on MELANIA tokens in the first 42 seconds after launch.
These early purchases happened before most users had access to the token. MELANIA’s total supply was 200 million, making the early accumulation significant.
MELANIA Token Followed Launch of TRUMP Coin
The MELANIA token launched two days after Donald Trump announced the TRUMP coin. Both events came before his return to office as president-elect.
CoinMarketCap data shows MELANIA reached a peak soon after its launch but dropped to $0.31 by May 6.
The TRUMP token followed a similar pattern. It surged briefly, then fell to $10.90. The timing and price moves of both tokens drew attention from analysts and regulators, especially due to political connections.
On-chain data confirmed the presence of heavy early buying before either token became widely available. The Financial Times highlighted this activity but did not confirm any regulatory action.
TRUMP Token Access Offer Triggers Impeachment Demand
A dinner event tied to TRUMP token ownership brought additional criticism. A post from the TRUMP coin project promised top holders private access to Donald Trump through a dinner and personal tour. The offer raised ethics concerns in Congress.
One senator called for impeachment following the announcement. A separate group of lawmakers referred to the matter as “Trump’s crypto corruption” and called for further hearings. The statements came after the event details were made public.
This access-related controversy added to concerns over both tokens. Critics questioned whether political figures should link crypto holdings to personal meetings or benefits.
80% of TRUMP Token Supply Held by Trump-Linked Firms
Two companies tied to Donald Trump control around 80% of the TRUMP token supply. Public blockchain data confirms the holdings, which are locked but will unlock gradually over the next three years.
No formal complaint has been filed over this arrangement. However, critics raised concerns that such control might lead to unfair sell-offs.
The MELANIA token has no confirmed public breakdown, but the timing of its early trades continues to raise questions.
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