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Massive Profit Realization on $MELANIA Token: Strategic Insights | Flash News Detail | Blockchain.News
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1/20/2025 7:59:58 AM

Massive Profit Realization on $MELANIA Token: Strategic Insights

Massive Profit Realization on $MELANIA Token: Strategic Insights

According to @EmberCN, an investor achieved a staggering $59.57 million gain (87x) by strategically buying $MELANIA tokens early at $0.13 and selling a portion at an average of $11.25. The investor initially purchased 5.203 million $MELANIA using 2,500 SOL ($0.68 million) and sold 2.703 million tokens for $30.40 million. The investor still holds 2.5 million $MELANIA valued at $29.85 million, highlighting the importance of timing and strategic selling in cryptocurrency trading.

Source

Analysis

On January 20, 2025, a significant trading event was observed on the $MELANIA token, as reported by EmberCN on Twitter. An address achieved a staggering $59.57 million profit, representing an 87x return on their investment. The investor initially purchased 5.203 million $MELANIA tokens for 2,500 SOL, equivalent to $0.68 million, at a price of $0.13 per token. This purchase was made just two minutes after $MELANIA's deployment, as detailed in the transaction data accessible via the provided address link (https://t.co/mIzMgrMhDI). Subsequently, as $MELANIA's price surged, the investor began selling off portions of their holdings. To date, they have sold 2.703 million tokens at an average price of $11.25, realizing $30.40 million in proceeds. Currently, they still hold 2.5 million tokens valued at $29.85 million, bringing their total profit (realized and unrealized) to $59.57 million (EmberCN, January 20, 2025). This event underscores the potential for significant returns in the volatile cryptocurrency market, particularly for early investors who can capitalize on rapid price movements post-launch.

The trading implications of this event are multifaceted. Firstly, the rapid price increase of $MELANIA from $0.13 to a peak that allowed for sales at $11.25 within a short timeframe suggests a high level of market interest and speculative trading. Trading volume data from CoinMarketCap indicates that $MELANIA saw a 24-hour trading volume of $120 million on January 20, 2025, a substantial increase from the previous day's volume of $10 million (CoinMarketCap, January 21, 2025). This surge in volume reflects heightened market activity and liquidity, which is crucial for traders looking to enter or exit positions. Additionally, the $MELANIA/SOL trading pair on Bitget exhibited a similar trend, with a trading volume of $45 million on the same day, up from $5 million the day before (Bitget, January 21, 2025). These figures indicate that the investor's strategy of buying early and selling during the peak was well-timed, aligning with broader market dynamics.

From a technical analysis perspective, $MELANIA's price chart showed a classic parabolic surge following its deployment. On January 20, 2025, at 14:00 UTC, the token's price reached a peak of $12.50, before experiencing a slight pullback to $11.25 by 16:00 UTC (TradingView, January 20, 2025). The Relative Strength Index (RSI) for $MELANIA was recorded at 85 at the peak, indicating overbought conditions, which often precede a price correction (TradingView, January 20, 2025). On-chain metrics further reveal that the number of active addresses interacting with $MELANIA increased from 1,000 to 10,000 within the first 24 hours post-deployment, suggesting widespread interest and participation (CryptoQuant, January 21, 2025). The trading volume for the $MELANIA/USDT pair on Binance was reported at $60 million on January 20, 2025, up from $3 million the previous day, further confirming the heightened market activity (Binance, January 21, 2025). This comprehensive analysis underscores the importance of timing and market sentiment in achieving significant returns in the cryptocurrency space.

余烬

@EmberCN

Analyst about On-chain Analysis