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BitcoinSistemi 2025-02-04 19:28:07

Unusual Move by the Gigantic Whale – Withdraws $10 Million from Binance, Converts It All to This Altcoin

According to cryptocurrency onchain data, a crypto whale seems to have made a really interesting choice by investing a large amount in a memecoin. A newly created crypto whale withdrew a huge amount of stablecoins, 10 million USDC, from Binance today and immediately converted them into 6.68 million MELANIA via Jupiter. As it is known, MELANIA is a memecoin recently launched by Donald Trump’s wife, Melania Trump. With this token purchase, the wallet in question now stands out as the tenth largest wallet among MELANIA crypto whales, owning approximately 0.67% of the total supply. Related News: Two Surprise Altcoins Invested in by Donald Trump's Cryptocurrency Project Respond to Allegations! Is There a Secret Agreement Between Them? The altcoin, which has been criticized for having a significant portion of its total supply under the control of the founding team, caused great losses to those who tried to buy tokens due to FOMO, especially in the early days. MELANIA, which managed to rise above $ 13 shortly after its launch, is trading at a region 87% lower than that level at the time of writing. The altcoin, which reacted strongly after today's whale purchase, climbed above $1.70 at the time of writing this article after trading at $1.49. *This is not investment advice. Continue Reading: Unusual Move by the Gigantic Whale – Withdraws $10 Million from Binance, Converts It All to This Altcoin