A major crypto investor withdrew $10 million in USDC from Binance at 17:47 UTC+8 today, transferring the funds to Jupiter for conversion. The transaction resulted in the acquisition of 6.689 million MELANIA tokens, making the wallet one of the top ten largest holders. The address, identified as Gu2bnm…vCxmni, now controls approximately 0.67% of the token’s total circulating supply.
About MELANIA Token Launch Ahead of Crypto Investor’s Move
MELANIA, a memecoin linked to former First Lady Melania Trump, was introduced on January 20, a day before Donald Trump’s presidential inauguration. The token’s launch followed the debut of the TRUMP cryptocurrency, which was introduced by the former president himself. Both digital assets have experienced price fluctuations amid heightened interest.
Melania Trump confirmed the token’s availability through a post on X, stating, “The Official Melania Meme is live! You can buy $Melania now.” The project’s official website includes a disclaimer clarifying that the asset is “not intended to be, or the subject of, an investment opportunity or a security.”
A new address: Gu2bnm…vCxmni withdrew 10 million USDC from Binance at 17:47 UTC+8 today, and then through Jupiter to convert them into 6.689 million Trump’s wife’s token MELANIA, making it the tenth largest holding address, accounting for about 0.67% of the total.…
— Wu Blockchain (@WuBlockchain) February 4, 2025
Donald Trump, who had previously criticized cryptocurrencies as a “scam,” later shifted his stance during the 2024 election campaign. His campaign became the first in U.S. history to accept crypto donations. Additionally, his family launched World Liberty Financial, a blockchain-based company that aims to challenge traditional financial institutions. The firm has introduced its own cryptocurrency, expanding the Trump family’s involvement in digital assets.
The TRUMP and MELANIA tokens have drawn attention from both retail and institutional investors, with significant trading activity observed. Nonetheless, market reactions remain volatile as interest in the Trump-affiliated cryptocurrencies continues to grow.
Also Read: US Prez Donald Trump Signs Sovereign Wealth Fund Creation Orders
Source: https://www.cryptonewsz.com/crypto-investor-10m-donald-trump-wife-token/