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

When Donald Trump announced the launch of his own meme coin, titled TRUMP, many traders were caught by surprise. However, one anonymous trader made a remarkable gamble that paid off handsomely and turned a $1 million investment into over $116 million in record time.

On the day of the announcement, which took place on a Friday, the trader previously filled a newly created wallet, known as “6QSc2,” with more than $1 million worth of Solana (SOL). This strategic move came just four hours before Trump revealed the details of the TRUMP coin on Truth Social.

As soon as the announcement was made, the trader promptly used the wallet to acquire over 5.9 million TRUMP tokens. Within hours, those tokens dramatically increased in value, soaring past $116 million. The trader didn't keep all the tokens in one place; instead, they divided them into ten different wallets and began selling significant amounts the following day, ultimately offloading $85 million worth by Monday.

By the first part of the week, data from the blockchain revealed that the trader still held $75 million in TRUMP tokens, although the combined value of the wallets had decreased to about $18 million, suggesting the trader had sold off most of the initial holdings.

The excitement didn't stop there. On Sunday, First Lady Melania Trump also launched her own meme coin called MELANIA. Once again, our astute trader acted quickly, using a wallet associated with their account to buy a significant quantity of MELANIA tokens shortly after the First Lady's announcement, just before it became widely known.

This move appeared to be a calculated strategy, as the trader sold a portion of their TRUMP holdings, valued at $45 million, allowing them to make a substantial investment in MELANIA. This caused the value of TRUMP tokens to drop nearly 50% within minutes, illustrating just how volatile the meme coin market can be.

As reports of the TRUMP coin's success spread across social media, many speculated about the possibility of insider trading. Some early buyers also reported profits, leading to increased scrutiny. Investigations into the earlier transactions of the wallet connected to “6QSc2” raised questions about whether this trader had received advance clues about the TRUMP coin's launch.

Certain DeFi projects on Solana, like Jupiter and Meteora, had been aware of the TRUMP token launch ahead of time, working with its team to ensure it was executed smoothly. It's uncertain how many individuals involved had insider knowledge about the coin's debut.

Compounding suspicions, crypto expert Ran Neuner publicly suggested that he had knowledge of the MELANIA token prior to its launch and reflected on how it negatively impacted the broader crypto market, implying that the Trump family was exploiting the situation for profit.

At this stage, the TRUMP token saw a modest increase in value, sitting at $43.94, while MELANIA experienced a drop down to $4.60. Both tokens had generated considerable interest in the market.

crypto, trader, meme