A crypto trader invested $800,000 in Melania Trump’s memecoin, Official Melania Meme (MELANIA), achieving over 1,950% profit in just 12 hours. This surge coincides with MELANIA's impressive 25,600% increase following its launch, creating multiple millionaires among early investors. Another $560,000 investment reportedly turned into $11.5 million, while a separate trader made $47.5 million in profit. MELANIA has gained significant traction, boasting around 500,000 holders and becoming the 10th most traded cryptocurrency by volume. The token's rise aligns with Trump’s inauguration and the recent launch of his associated token, Official TRUMP ($TRUMP), which rapidly reached a market cap of $50 billion. However, analysts express concerns regarding MELANIA's distribution, with nearly 90% of its supply held in a single wallet, and point out deficiencies in the website's security. Experts have noted that the project appears less organized compared to TRUMP’s token, raising questions about its transparency and management. Despite some analysts deeming a 'rug pull' unlikely, skepticism about MELANIA's structure remains prevalent. Individuals are encouraged to conduct their own research before investing in any cryptocurrency.

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