A cryptocurrency trader has managed to bag a 6,208% profit in a mere four days, trading Melania Trump‘s official meme coin MELANIA (CRYPTO: MELANIA).
What Happened: According to the blockchain tracking firm Lookonchain, the trader bought 5.2 million MELANIA coins at $0.13 each, immediately after the digital asset was launched last week, a day before Donald Trump‘s presidential inauguration.
Four days after the purchase, the trader sold all his MELANIA tokens, realizing a 6,208% profit on his initial investment of $688,000. This translated to a whopping $42.7 million profit.
Full story available on Benzinga.com