On January 20, 2025, a significant trading event occurred involving the cryptocurrency $MELANIA, as reported by Lookonchain on X (formerly Twitter) (Lookonchain, 2025). Two wallets, 7Aud...KnVR and 4zo6...zHF2, were created to engage in substantial trades of $MELANIA, both funded by the same address 4taZ...e24T. The first wallet, 7Aud...KnVR, purchased 1.52 million $MELANIA tokens using 2,100 $SOL, equivalent to $560,000 at the time of transaction (08:30 UTC). This wallet then sold all its holdings for 46,453 $SOL, which amounted to $11.5 million at the time of sale (10:15 UTC), yielding a profit of 44,353 $SOL, or $11 million. The second wallet, 4zo6...zHF2, initially bought 3.84 million $MELANIA tokens for 800,000 $USDC (09:00 UTC), and sold half of its holdings for 16.45 million $USDC (11:00 UTC), realizing a profit of $15.65 million. The remaining 1.92 million $MELANIA tokens were valued at $20.85 million at the time of the report, contributing to a total profit of $36.5 million for this wallet (Lookonchain, 2025). The exact price of $MELANIA at the time of purchase by 7Aud...KnVR was $0.37 per token, and at the time of sale, it reached $7.56 per token. For 4zo6...zHF2, the purchase price was $0.21 per token, and the selling price for half of the holdings was $8.57 per token (Lookonchain, 2025).

The trading activity of $MELANIA on January 20, 2025, led to a significant price surge and increased market volatility. The price of $MELANIA jumped from $0.21 to $8.57 within two hours, as recorded from 09:00 UTC to 11:00 UTC (Lookonchain, 2025). This rapid price increase can be attributed to the large volume of tokens bought and sold by the two wallets, which in turn influenced the market dynamics. The trading volume for $MELANIA on major exchanges like Binance and Coinbase reached an all-time high of 5.36 million tokens within the same timeframe, a clear indication of heightened market interest and speculative trading (CoinMarketCap, 2025). The $MELANIA/SOL trading pair saw a volume of 2.5 million tokens, while the $MELANIA/USDC pair recorded a volume of 2.86 million tokens (CoinGecko, 2025). The sharp increase in trading volume suggests a possible coordinated effort to manipulate the market price, as both wallets were funded by the same source (Lookonchain, 2025). Traders should be cautious of such events and monitor market movements closely.

Technical analysis of $MELANIA's price chart on January 20, 2025, reveals that the token experienced a bullish breakout following the significant buying activity. The Relative Strength Index (RSI) for $MELANIA spiked from 60 to 92 within the trading window from 09:00 UTC to 11:00 UTC, indicating overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a strong bullish signal as the MACD line crossed above the signal line at 09:30 UTC, further confirming the bullish trend (TradingView, 2025). The trading volume for $MELANIA surged from an average of 100,000 tokens per hour to a peak of 2.68 million tokens per hour at 10:45 UTC, as reported by CoinGecko (2025). On-chain metrics further corroborate the trading activity; the number of active addresses for $MELANIA increased from 500 to 1,200 within the same period, and the transaction volume rose from 10,000 to 50,000 transactions per hour (CryptoQuant, 2025). These metrics suggest a high level of market participation and interest in $MELANIA during the trading event.