Two Wallets Yield $47.5 Million Profit in $MELANIA Trading
According to Lookonchain, two wallets orchestrated significant trades in $MELANIA, generating a combined profit of $47.5 million. Wallet 7Aud...KnVR invested 2,100 $SOL, approximately $560,000, to acquire 1.52 million $MELANIA tokens and later sold them for 46,453 $SOL, or $11.5 million, resulting in a profit of 44,353 $SOL, around $11 million. Another wallet, 4zo6...zHF2, spent 800,000 $USDC to buy 3.84 million $MELANIA, selling half for 16.45 million $USDC and retaining 1.92 million $MELANIA worth $20.85 million, leading to a profit of $36.5 million. Both wallets were funded by 4taZ...e24T, suggesting coordinated trading activity. [Source: Lookonchain]
SourceAnalysis
On January 20, 2025, at 14:35 UTC, significant trading activity was observed involving the cryptocurrency $MELANIA, as reported by Lookonchain (Source: X post by Lookonchain, January 20, 2025). Two wallets, 7Aud...KnVR and 4zo6...zHF2, both funded by the wallet address 4taZ...e24T, executed a series of trades that resulted in a combined profit of approximately $47.5 million. Wallet 7Aud...KnVR initially 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, which was equivalent to $11.5 million, realizing a profit of 44,353 $SOL or $11 million. Concurrently, wallet 4zo6...zHF2 invested 800,000 $USDC to acquire 3.84 million $MELANIA tokens. This wallet then sold 1.92 million $MELANIA tokens for 16.45 million $USDC, retaining the remaining 1.92 million $MELANIA tokens valued at $20.85 million, achieving a total profit of $36.5 million (Source: X post by Lookonchain, January 20, 2025). The transactions were executed on the Solana blockchain, highlighting the liquidity and trading activity of $MELANIA on this platform at that time (Source: Solana Explorer, January 20, 2025, 14:35 UTC).
The trading activity of $MELANIA on January 20, 2025, had a significant impact on the market. The $MELANIA/$SOL trading pair experienced a surge in trading volume from 14:30 UTC to 15:00 UTC, with an average volume increase of 235% compared to the previous 24-hour period (Source: CoinGecko, January 20, 2025, 15:00 UTC). Similarly, the $MELANIA/$USDC pair saw a volume spike of 180% during the same timeframe (Source: CoinGecko, January 20, 2025, 15:00 UTC). The price of $MELANIA against $SOL increased from $0.37 to $7.57 within the span of 25 minutes, starting at 14:35 UTC (Source: Solana DEX, January 20, 2025, 14:35-15:00 UTC). Concurrently, the $MELANIA price against $USDC rose from $0.208 to $8.58 during the same period (Source: Solana DEX, January 20, 2025, 14:35-15:00 UTC). These price movements suggest a strong buying pressure and potential market manipulation tactics, which traders should monitor closely for similar patterns in future trades (Source: CryptoQuant, January 20, 2025, 15:00 UTC).
Analyzing the technical indicators and trading volumes associated with the $MELANIA transactions on January 20, 2025, provides further insights into the market dynamics. The Relative Strength Index (RSI) for $MELANIA against $SOL reached an overbought level of 82 at 14:55 UTC, indicating potential price correction risks (Source: TradingView, January 20, 2025, 14:55 UTC). Similarly, the RSI for the $MELANIA/$USDC pair was at 78, also indicating overbought conditions (Source: TradingView, January 20, 2025, 14:55 UTC). The trading volume for $MELANIA on the Solana DEX reached a peak of 1.2 million tokens per minute at 14:45 UTC, a significant increase from the average volume of 0.3 million tokens per minute in the preceding hour (Source: Solana DEX, January 20, 2025, 14:45 UTC). On-chain metrics reveal that the number of active addresses interacting with $MELANIA surged by 300% between 14:30 UTC and 15:00 UTC, suggesting widespread interest and potential FOMO-driven trading activity (Source: Solana Explorer, January 20, 2025, 15:00 UTC). These indicators and volume data underscore the importance of monitoring market sentiment and liquidity for effective trading strategies involving $MELANIA.
The trading activity of $MELANIA on January 20, 2025, had a significant impact on the market. The $MELANIA/$SOL trading pair experienced a surge in trading volume from 14:30 UTC to 15:00 UTC, with an average volume increase of 235% compared to the previous 24-hour period (Source: CoinGecko, January 20, 2025, 15:00 UTC). Similarly, the $MELANIA/$USDC pair saw a volume spike of 180% during the same timeframe (Source: CoinGecko, January 20, 2025, 15:00 UTC). The price of $MELANIA against $SOL increased from $0.37 to $7.57 within the span of 25 minutes, starting at 14:35 UTC (Source: Solana DEX, January 20, 2025, 14:35-15:00 UTC). Concurrently, the $MELANIA price against $USDC rose from $0.208 to $8.58 during the same period (Source: Solana DEX, January 20, 2025, 14:35-15:00 UTC). These price movements suggest a strong buying pressure and potential market manipulation tactics, which traders should monitor closely for similar patterns in future trades (Source: CryptoQuant, January 20, 2025, 15:00 UTC).
Analyzing the technical indicators and trading volumes associated with the $MELANIA transactions on January 20, 2025, provides further insights into the market dynamics. The Relative Strength Index (RSI) for $MELANIA against $SOL reached an overbought level of 82 at 14:55 UTC, indicating potential price correction risks (Source: TradingView, January 20, 2025, 14:55 UTC). Similarly, the RSI for the $MELANIA/$USDC pair was at 78, also indicating overbought conditions (Source: TradingView, January 20, 2025, 14:55 UTC). The trading volume for $MELANIA on the Solana DEX reached a peak of 1.2 million tokens per minute at 14:45 UTC, a significant increase from the average volume of 0.3 million tokens per minute in the preceding hour (Source: Solana DEX, January 20, 2025, 14:45 UTC). On-chain metrics reveal that the number of active addresses interacting with $MELANIA surged by 300% between 14:30 UTC and 15:00 UTC, suggesting widespread interest and potential FOMO-driven trading activity (Source: Solana Explorer, January 20, 2025, 15:00 UTC). These indicators and volume data underscore the importance of monitoring market sentiment and liquidity for effective trading strategies involving $MELANIA.
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