SAEDNEWS: As Crypto Market Slowly Recovers, Trump Meme Coins Surge: Melania Up 54%, Trump and WLFI Tokens Rise Over 20% Amid Insider Accumulation Concerns
According to the Crypto Service of Saed News, citing Digital Currency reports, while the overall cryptocurrency market is cautiously recovering, all Trump-related meme coins saw striking and inexplicable gains today. Melania’s token price rose more than 54%, while the Trump and WLFI tokens each increased by over 20%.
This comes after these tokens had previously lost nearly all of their peak value, with clear signs of insider trading and market manipulation. Previous on-chain data indicated that a single wallet controlled 89% of Melania’s token supply.
Such an unpredictable pump across all Trump coins may suggest that insiders are heavily accumulating these tokens in anticipation of a market-moving event. However, leveraged traders are taking short positions, expecting prices to decline again after this temporary spike.
