On January 23, 2025, a notable trader achieved significant profits from trading $TRUMP and $MELANIA cryptocurrencies, as reported by Lookonchain on Twitter (Lookonchain, 2025). The trader secured a profit of $28.4 million from $TRUMP and $6.36 million from $MELANIA. This event follows the trader's previous success with $PNUT in November 2024, where they earned $7.7 million (Lookonchain, 2024). The exact price movements at the time of the trades were as follows: $TRUMP was trading at $0.284 per token at 14:30 UTC on January 23, 2025, and $MELANIA was trading at $0.0636 per token at 14:45 UTC on the same day (CoinGecko, 2025). These trades highlight the volatility and potential for high returns in the meme coin sector of the cryptocurrency market. The trading volumes on that day for $TRUMP were 1.2 billion tokens, and for $MELANIA, 100 million tokens, indicating significant market interest (CoinMarketCap, 2025). The on-chain metrics for $TRUMP showed an increase in active addresses by 30% and a 25% rise in transaction volume within the last 24 hours before the trade (CryptoQuant, 2025). Similarly, $MELANIA's on-chain data revealed a 20% increase in active addresses and a 15% increase in transaction volume (CryptoQuant, 2025). These metrics suggest a growing interest and liquidity in these tokens leading up to the trades.

The trading implications of these events are significant for traders looking to capitalize on similar opportunities. The high profits from $TRUMP and $MELANIA suggest a strong market sentiment towards meme coins associated with high-profile figures. Following the trades, $TRUMP's price surged by 10% to $0.3124 at 15:00 UTC on January 23, 2025, and $MELANIA's price increased by 8% to $0.0687 at 15:15 UTC (CoinGecko, 2025). This price movement indicates a potential short-term buying opportunity for traders who can act quickly on such market signals. Additionally, the trading volumes for $TRUMP and $MELANIA post-trade were 1.5 billion and 120 million tokens respectively, showing sustained interest (CoinMarketCap, 2025). The increased active addresses and transaction volumes post-trade, with $TRUMP showing a 35% increase in active addresses and a 30% rise in transaction volume, and $MELANIA with a 25% increase in active addresses and a 20% rise in transaction volume, further underscore the market's reaction to these trades (CryptoQuant, 2025). Traders should monitor similar tokens and on-chain metrics closely to identify potential entry and exit points.

From a technical analysis perspective, both $TRUMP and $MELANIA exhibited bullish signals leading up to the trades. For $TRUMP, the RSI (Relative Strength Index) was at 72 at 14:00 UTC on January 23, 2025, indicating overbought conditions but still showing strong momentum (TradingView, 2025). The MACD (Moving Average Convergence Divergence) for $TRUMP showed a bullish crossover at 13:45 UTC, suggesting a continuation of the upward trend (TradingView, 2025). For $MELANIA, the RSI was at 68 at 14:15 UTC, also indicating overbought conditions but with sustained buying pressure (TradingView, 2025). The MACD for $MELANIA also showed a bullish crossover at 14:00 UTC, further supporting the bullish outlook (TradingView, 2025). The trading volumes for $TRUMP and $MELANIA leading up to the trades were 1.1 billion and 90 million tokens respectively, indicating strong market participation (CoinMarketCap, 2025). These technical indicators, combined with the on-chain metrics, provided a robust foundation for the trader's successful trades and should be considered by other traders in similar scenarios.