One of the wallets, the FT reports, purchased $681,000 of $MELANIA 64 seconds before the announcement was made public. Within 24 hours, the same account sold the majority of their stock for $39 million when the surge was at its highest, before dumping the rest and making an additional $4.4 million over the next three days.

A recent report claims large crypto traders netted nearly $100 million by dumping Melania Trump's crypto tokens before she officially launched it.