Melania Meme (MELANIA) Gains Whales' Attention as New Wallet Acquires 6.69 Million Coins

In the cryptocurrency landscape, whale activities are normally significant indicators of market trends. One of the digital assets that are currently grabbing whales

A new cryptocurrency, dubbed Melania meme (MELANIA), has surfaced, merging the worlds of digital assets, memes, and politics. This token is closely linked to the Trump family and has sparked interest among crypto enthusiasts.

One of the recent buzzworthy developments in the crypto space is the Melania meme coin (MELANIA). This digital asset is connected to Trump’s family and has grabbed the attention of crypto enthusiasts.

Here's the latest on the meme coin that's grabbing crypto traders' attention.

Melania Meme Coin Grabs Whale Attention

A big crypto whale recently created a new wallet and withdrew $10 million USDC from Binance. He then went ahead and used the funds to buy 6.69 million MELANIA coins at an average price of $1.5 for each token.

A mysterious whale created a new wallet 2 hours ago and withdrew 10M $USDC from #Binance to buy 6.69M $MELANIA at $1.5. #MELANIA

This meme coin has been facing significant declines for the past two weeks. It therefore seems this smart investor took advantage of the recent price drops to acquire massive amounts of tokens. The meme coin's recent tremendous surges and massive profits made by early buyers are attracting savvy traders to accumulate the asset.

This whale's activity shows big crypto holders are gaining interest in MELANIA coins. This indicates their increased optimism in the token, hoping to generate returns once the price rises in the future. Also since this cryptocurrency is associated with Trump’s family, whales are aware of its growth potential.

Melania Price Surges 15.6%

MELANIA has been in the spotlight today as its price saw a remarkable increase of 15.6% over the past 24 hours. This means investors are heightening their interest in the asset and channeling funds into the meme coin. As a result of today’s price hikes, the token is currently trading at $1.72.

Melania Meme Coin Linked to Trump Family

The digital asset industry is recognized for its innovative offerings. On 19th January, Melania coin grabbed the interest of investors who are attracted to crypto investing. Its launch occurred at a time when meme coins were experiencing popularity and Trump was preparing to return to the White House.

The Melania meme, launched by the current US First Lady, is closely linked with cryptocurrency, politics (the Trump family), and speculative investment.

After its launch, the coin witnessed a tremendous rise, climbing to a new AHT within its first week. The initial price surges were triggered by media sensation around its launch and the hype associated with the Trump coin.

The asset amassed a whooping market capitalization of over $2 million within a short period and became the seventh biggest meme coin. However, the uptrends were temporary and its price rapidly experienced downtrends. As a result, MELANIA’s price has been down 61.1% in the past two weeks.

Just like other cryptocurrencies, its price has been impacted by broader market sentiment, investors recouping profits, and overall rises and falls in crypto markets.