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A crypto trader has reportedly suffered a staggering loss of $15.68 million after trading the official memecoin of First Lady Melania Trump.
What Happened: The blockchain tracking firm Lookonchain disclosed that the trader purchased nearly 14 million MELANIA (CRYPTO: MELANIA) last month for approximately $30 million, only to sell off all his holdings this week at a loss of $15.68 million.
Another trader also suffered a loss of $3.73 million on his MELANIA trade this week, according to Lookonchain’s report.
