A crypto trader capitalized on Donald Trump's announcement of his meme coin, TRUMP, making a staggering $116 million shortly after its launch. This trader filled a new wallet with over $1 million in SOL just hours before the announcement and purchased 5.9 million TRUMP tokens within seconds of the news breaking. As they began selling off their tokens, the trader managed to secure significant profits, reportedly selling $85 million worth while still holding $75 million in tokens. The trader also made a profitable move with the MELANIA token launched by First Lady Melania Trump shortly after, raising suspicions of insider trading within the community, especially due to the highly coordinated timing of purchases. Despite the controversies regarding insider information, many traders experienced lucrative gains in this unprecedented market activity surrounding the Trump-themed cryptocurrencies, which have raised questions about ethical trading practices in the crypto space.

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