Insider at Melania Trump's Memecoin? Financial Times finds information
A group of crypto dealers is said to have bought Melania Trump's memoins worth millions of dollars, a few minutes before they announced the start on social media.
According to a report by the Financial Times on May 6th deserved The crypto retailers around $ 100 million with the purchase of Melania token worth $ 2.6 million before the public start on January 19. Shortly after Trump announced the start of the memoin on social media, the price rose from around $ 2.00 to $ 12.95-an increase of $ 550 %. The dealers are said to have sold their stocks within 12 hours.
“In total, the 24 accounts bought 16.7 million of the $ 200 million Melania token, which were intended for sale during the starting room,” reports the Financial Times. “The rush that started before the start continued. 42 seconds after the start, tokens worth around $ 900,000 were bought from 22 other accounts.”
Two days earlier, President Donald Trump launched his own Trump coin. Both tokens were by legislators taken underbecause they suspected conflicts of interest and corruption. With these coins, bribery and foreign influence would be possible.
Memecoin dinner: Designed office procedure
However, a large part of the criticism of US legislators on the memoins is more directed against the president than the first lady. After Trump announced that large Trump token owners were given the opportunity to meet him on a private dinner and a tour of the White House, demanded A senator even his elevation.
The courses of the Melania and Trump tokens have dropped significantly shortly after their introduction in January, with the Memecoin of the First Lady is currently $ 0.31. The course of the Trump token rose after the announcement of the Memecoin-Dinners In April briefly, but fell to $ 10.90 by May 6th.
Two companies that are connected to the president control around 80 % of the Trump offer, although many of the tokens have been blocked and are only released in the next three years. Critics have claimed that insiders of the project could still cheat investors for their money.
