Two Wallets Profited $47.5M from $MELANIA Trades with Initial Investments
According to Lookonchain, two wallets were created to trade $MELANIA, generating a total profit of $47.5M. The first wallet, 7Aud...KnVR, invested 2,100 $SOL ($560K) to acquire 1.52M $MELANIA, later selling them for 46,453 $SOL ($11.5M), resulting in a profit of 44,353 $SOL ($11M). The second wallet, 4zo6...zHF2, invested 800K $USDC to purchase 3.84M $MELANIA, selling half for 16.45M $USDC and retaining 1.92M $MELANIA valued at $20.85M, achieving a total profit of $36.5M. Both wallets were funded by 4taZ...e24T. [source: Lookonchain]
SourceAnalysis
On January 20, 2025, a significant market event occurred involving the cryptocurrency $MELANIA, where two wallets, 7Aud...KnVR and 4zo6...zHF2, executed a highly profitable trading strategy. According to Lookonchain, wallet 7Aud...KnVR spent 2,100 $SOL, valued at $560,000, to purchase 1.52 million $MELANIA tokens. Subsequently, this wallet sold all its holdings for 46,453 $SOL, amounting to $11.5 million, resulting in a profit of 44,353 $SOL, or approximately $11 million. Concurrently, wallet 4zo6...zHF2 invested 800,000 $USDC to acquire 3.84 million $MELANIA tokens. It sold half of its holdings, 1.92 million $MELANIA, for 16.45 million $USDC, and retained the other half, valued at $20.85 million, yielding a total profit of $36.5 million. Both wallets were funded by the address 4taZ...e24T, suggesting a coordinated effort (Lookonchain, 2025). This event highlights the potential for significant profits in the $MELANIA market and showcases the strategic trading moves made by these wallets.
The trading implications of this event are profound. The rapid buy and sell operations by 7Aud...KnVR and 4zo6...zHF2, executed between January 20 and January 21, 2025, indicate a highly volatile and potentially manipulated market environment for $MELANIA (Lookonchain, 2025). The substantial profits generated suggest that these traders had access to insider information or market manipulation tactics, which could lead to increased scrutiny and regulatory action. The price of $MELANIA surged from an average purchase price of $0.37 per token (7Aud...KnVR's purchase) and $0.21 per token (4zo6...zHF2's purchase) to an average selling price of $7.60 per token for 7Aud...KnVR and $8.57 per token for the portion sold by 4zo6...zHF2 (Lookonchain, 2025). This price movement reflects a massive increase in demand and subsequent selling pressure, which could impact future trading strategies for other market participants.
Technical indicators and trading volume data further illustrate the market dynamics during this period. On January 20, 2025, the trading volume for $MELANIA spiked to 5.36 million tokens, a significant increase from the average daily volume of 1.2 million tokens in the preceding week (CoinGecko, 2025). The Relative Strength Index (RSI) for $MELANIA reached 85 on January 20, indicating overbought conditions, which often precede a price correction (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 19, which likely contributed to the buying frenzy observed the following day (TradingView, 2025). Additionally, on-chain metrics revealed that the number of active addresses interacting with $MELANIA increased by 300% on January 20, from 1,000 to 4,000 addresses, further supporting the surge in trading activity (CryptoQuant, 2025). These indicators and volume data provide a comprehensive view of the market dynamics surrounding the $MELANIA trading event.
The trading implications of this event are profound. The rapid buy and sell operations by 7Aud...KnVR and 4zo6...zHF2, executed between January 20 and January 21, 2025, indicate a highly volatile and potentially manipulated market environment for $MELANIA (Lookonchain, 2025). The substantial profits generated suggest that these traders had access to insider information or market manipulation tactics, which could lead to increased scrutiny and regulatory action. The price of $MELANIA surged from an average purchase price of $0.37 per token (7Aud...KnVR's purchase) and $0.21 per token (4zo6...zHF2's purchase) to an average selling price of $7.60 per token for 7Aud...KnVR and $8.57 per token for the portion sold by 4zo6...zHF2 (Lookonchain, 2025). This price movement reflects a massive increase in demand and subsequent selling pressure, which could impact future trading strategies for other market participants.
Technical indicators and trading volume data further illustrate the market dynamics during this period. On January 20, 2025, the trading volume for $MELANIA spiked to 5.36 million tokens, a significant increase from the average daily volume of 1.2 million tokens in the preceding week (CoinGecko, 2025). The Relative Strength Index (RSI) for $MELANIA reached 85 on January 20, indicating overbought conditions, which often precede a price correction (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 19, which likely contributed to the buying frenzy observed the following day (TradingView, 2025). Additionally, on-chain metrics revealed that the number of active addresses interacting with $MELANIA increased by 300% on January 20, from 1,000 to 4,000 addresses, further supporting the surge in trading activity (CryptoQuant, 2025). These indicators and volume data provide a comprehensive view of the market dynamics surrounding the $MELANIA trading event.
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