The Official Melania Meme (MELANIA) memecoin has surged dramatically, allowing a trader to turn an $800,000 investment into $16.45 million, resulting in a profit of approximately 1,950% within 12 hours. This price increase of 25,600% for MELANIA coincided with its launch, attracting around 500,000 holders and making it one of the most traded cryptocurrencies shortly after debuting. However, concerns about potential 'rug pull' arise due to nearly 90% of MELANIA's token supply being held in a singular wallet, which contradicts claims of equitable distribution. Additionally, the project's website has faced criticism for a lack of cybersecurity features and poorly executed code, prompting analysts to question the project's organization compared to the launching of Donald Trump's official memecoin, Official TRUMP. Despite the massive gains, analysts remain skeptical about MELANIA's long-term viability and transparency.

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