Official Melania (CRYPTO: MELANIA) dramatically spiked on Sunday after a whale opened a five-fold leveraged long position in the meme coin.
What happened: The official cryptocurrency of First Lady Melania Trump jumped 6.29% over the previous day, while its trading volume more than tripled to $35 million. The cryptocurrency outperformed Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) in the last 24 hours.
The price skyrocketed after an influential trader, who made news for taking a 40x leveraged short position on Bitcoin, opened a …
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