Trump's wife's token plummeted 96%! Melania's crypto sickle: a full record of the $30 million dark warehouse harvest

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MarsBit
04-09
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I. White House-Level Leek Harvesting Machine: When Political Families Play Crypto Magic

On January 19, 2025, a magical crypto drama unfolded in the Washington power theater - the name of former First Lady Melania Trump was printed in a memecoin project on the Solana chain, with the token named MELANIA emerging amidst the noise of Donald Trump's presidential re-election announcement. At that time, rumors of "White House entering Web3" circulated in crypto communities, with speculators fantasizing about hitching a ride on the political family's wealth express, unaware they were about to become the freshest sacrifices in Washington's power game.

On the eve of token issuance, Melania's team's promotional video on X platform was a textbook-level emotional manipulation: camera panning across the White House Rose Garden at dawn, accompanied by a variation of electronic music for "God Bless America", finally freezing on an image of Melania wearing virtual reality glasses with "MELANIA" emblazoned on them. This marketing strategy that fused national symbols, technological elements, and celebrity effect created a 23,000% price surge on the first day of listing, with fully diluted market cap momentarily breaking through $5 billion.

But like all carefully designed magic tricks requiring a grand finale, three months later, when blockchain detective agency Bubblemaps stripped down the project's data, people discovered that the so-called "First Lady token" was merely a collaborative performance of a political family and crypto capital, akin to "Now You See Me".

[The rest of the translation follows the same professional and accurate approach, maintaining the specified translations for specific terms.]

V. The Ultimate Survival Guide for Retail Investors: How to Avoid Becoming a Feast in the Crypto Jungle

In this crypto world filled with White House scams and Stanford villains, ordinary investors need not more advanced candlestick analysis techniques, but survival wisdom to identify "high-level scumbags". Here are three life-saving rules earned through blood and tears:

1. Political Halo Disenchantment Technique

  • When seeing slogans like "presidential relative" or "congressional endorsement", automatically translate in your mind to "I am a scammer, please call the police";
  • Use on-chain detective tools like Arkham to investigate the project team's background, and if you find the team wallet has transferred through mixers in the past three months, run faster than Biden dodging reporter questions;
  • Be wary of token launches occurring before and after political inauguration ceremonies, as such projects typically have a shorter lifecycle than a president's public speech.

2. Liquidity Trap Prevention Manual

  • Check DEX order book depth through Birdeye, with projects having liquidity below $500,000 being more dangerous than a paper castle;
  • Set on-chain alerts to monitor whale wallet movements, and when an address continuously transfers assets late at night for three and a half days, automatically imagine an escape scene from "The Bourne Identity";
  • Remember that the cost of Solana's ten thousand TPS per second is making your stop-loss order three hundred times slower than the market maker's robot.

3. Regulatory Traffic Light System

  • Prioritize projects registered with VARA in Dubai or the Hong Kong Securities and Futures Commission, which may not guarantee absolute safety but at least make scammers spend more on fabrication;
  • Stay away from exchanges without AML/KYC mechanisms, as their risk control systems might be less secure than your home's door lock;
  • When a project team boasts "SEC will never find us", automatically categorize it as a shooting scene of the crypto version of "Breaking Bad".

VI. The Dilemma of Crypto Civilization: When Technical Idealism Collides with Human Evil

Standing on the ruins of the MELANIA incident, we discover that this industry is falling into a profound philosophical predicament: Why has Satoshi Nakamoto's decentralized utopia envisioned when creating Bitcoin evolved into a casino of politicians and scammers? The answer might be hidden in Hayek's "Fatal Conceit" - no technology can escape human corruption. When Washington lobbyists learn to launder money through smart contracts, and Ivy League elites turn cryptography into a tool for fleecing retail investors, the blockchain revolution becomes a crypto-exclusive version of "Game of Thrones".

The blackest humor of this farce is that even after the MELANIA token plummeted 96%, hundreds of Trump die-hard fans are still shouting "holding is winning" on social media. This religious-like fanaticism reminds one of victims in pyramid schemes chanting "persistence will lead to recovery". Perhaps in a parallel universe, these people might truly wait for a miraculous token resurrection, but in this reality, the numbers in their wallets are destined to become worthless over time, just like a White House spokesperson's promise.

As the sun sets, survivors in the crypto world should remember: The true spirit of blockchain should not be a Las Vegas-style crazy gambling game, but establishing a transparent and trustworthy value network. As for those clever people still creating "president tokens" and "first lady coins", they are advised to change careers early - after all, in SEC's prison, there's no transaction confirmation speed as fast as Solana.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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