Summary
- Allegations of pre-purchase regarding Melania (MELANIA) have been raised, reporting that some investors made substantial profits by purchasing in large quantities before the issuance post.
- It was evaluated that meme coins are not considered securities in the U.S., so there is no need to comply with insider trading and disclosure regulations.
- It was revealed that about 20 addresses purchased MELANIA worth $2.6 million and sold it for $99.6 million after the price surged.
Allegations of insider trading have been raised regarding Melania (MELANIA), one of the official meme coins of U.S. President Donald Trump.
On the 6th (local time), the Financial Times (FT) reported, "Some addresses began purchasing the token in large quantities just two minutes before a post related to the issuance of Melania was published," and stated, "Investors used insider information to make pre-purchases and subsequently reaped substantial profits." It further evaluated, "In the U.S., meme coins are not considered securities," and "There is no need to comply with disclosure and insider trading regulations for the protection of individual investors."
According to the data, about 20 addresses purchased MELANIA worth approximately $2.6 million, and after the price surged, they sold it for $99.6 million.
Meanwhile, the Melania Foundation reportedly did not respond to requests for comment.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
