Grand Theft America / Receipt money-2025-01-19-004
MELANIA meme coin launches amid insider-trading reports
The $MELANIA token launched on January 19, 2025, and a Financial Times analysis later reported that wallets buying just before the announcement made nearly $100 million.
What happened
Melania Trump announced the Solana-based MELANIA token on January 19, 2025, two days after $TRUMP. An FT on-chain analysis found roughly two dozen wallets bought ~$2.6M of tokens minutes before the public post and later realized ~$99.6M; those gains accrued to unidentified traders, not confirmed as Trump-family income. CryptoSlate, citing the FT, reported the Melania-linked organizer MKT World LLC withdrew ~$64.7M in primary sales and fees, though the profit-sharing structure is unclear. Logged, not counted.
Why it matters
Wallets that bought the $MELANIA coin before its public announcement realized about $99.6M, and an organizer withdrew roughly $64.7M. Apparent pre-announcement buying tied to a coin bearing the first lady's name raises insider-trading and self-enrichment concerns.
Receipt details
- Time the markets
- Venture inflow
- $64.7M
