Massive Losses For Crypto Traders As MELANIA Memecoin Plummets

Bibhu Pattnaik

March 01, 2025

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.

Whales sold all their $MELANIA holdings at a loss recently!

DNTpoX…LN2A spent 30M $USDC to buy 13.97M $MELANIA a month ago, and sold for 14.32M $USDC yesterday, losing $15.68M.

Gu2bnm…xmni spent 10M $USDC to buy 6.69M $MELANIA 22 days ago, and sold 6.27M $USDC in the past 2â€¦ pic.twitter.com/jAK6t6rJhy
— Lookonchain (@lookonchain) February 26, 2025

The MELANIA memecoin is currently trading for $0.85, down 93.5% from its all-time high of $13.05, which it hit on January 20th, a day after launching.

Also Read: Think Tank Calls for DOJ Probe Into TRUMP Meme Coin Over Possible Anti-Bribery Violations

Lookonchain also reported that a trader liquidated his position in the TRUMP (CRYPTO: TRUMP) Memecoin this week at a loss of $24.4 million. The TRUMP Memecoin, launched by President Donald Trump just days before his inauguration, is now trading at $12.60, down 83% from its all-time high price of $73.43.

Why It Matters: This massive loss for traders comes amidst a proposed legislation by freshman Rep. Sam Liccardo (D-Calif.). Liccardo is proposing the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aimed at preventing lawmakers from profiting off meme assets.

This proposed act appears to be targeted at Trump, who has profited off TRUMP despite the meme asset having lost billions in value after launching earlier this year.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Global Demand for Defense Metals Is Surging 7X - Ad

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest - Ad

JPMorgan predicts sharp decline in oil prices, with Brent crude potentially dropping to $30/barrel by 2027 due to supply outpacing demand and increased production from non-OPEC+ countries.

Direct Digital Stock Drops 14% After Hours — What's Behind The Slide?

Direct Digital Holdings shares fell after-hours following a settlement with Continuation Capital.

The End of Tesla? (Black Friday Briefing)

The End of Tesla? (Black Friday Briefing) - Ad

"Hold onto your Tesla stock." That's the message insiders are sharing as Tesla prepares to unveil a "mind-blowing" new product: one that has nothing to do with EVs... batteries... or self-driving cars. This is a radical pivot that could mark the end of Tesla as we know it and the birth of something much bigger.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Dave Ramsey Co-Hosts Stunned As Caller Reveals Husband Hid Secret Auto Loan For Addicted Coworker For 3 Years

Caller's husband secretly co-signed $20,000 auto loan for addicted coworker. Ramsey's co-hosts warn of financial crisis, strained marriage.

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves - Ad

Over $24 trillion is at stake, and Nvidia is in a race to be the first... These companies hold the key to whether they pass or fail. And this weekend only, we are offering an opportunity to score access to Michael's latest picks... for just $19!

What's Up With The Jump In Oracle Stock Today?

Oracle Corp (NASDAQ:ORCL) shares are trading higher on Wednesday following an analyst update. Here's a look at what's going on.

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

Cyber Weekend Sale! 85% Off Disruptors and Dominators!

Cyber Weekend Sale! 85% Off Disruptors and Dominators! - Ad

Nvidia's robot breakthrough, unveiled by CEO Jensen Huang at CES, could spark a $24T revolution. He said the "ChatGPT moment" for robotics is near. I believe the lives of 65M Americans could be impacted - this year. And one $7 stock could be the biggest winner.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

Asian stocks climb after Wall Street rallies on hopes for lower interest rates

BANGKOK (AP) — Asian shares and U.S. futures advanced on Wednesday after surged on hopes the Federal Reserve will soon opt to .

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

Shaquille O'Neal's Parenting Strategy: Sons Must Leave Home at 18, Daughters Can Stay Indefinitely: 'I Like My Girls a Little Bit Better'

Shaquille O'Neal once disclosed his unconventional parenting approach, stating that he prompts his sons to leave home at 18, while his daughters are allowed to stay as long as they wish.

It's Time for Elon to Earn His $1 Trillion Payday

It's Time for Elon to Earn His $1 Trillion Payday - Ad

To collect, Musk has to deliver on his promise to unleash the "mind-blowing" technology Tesla insiders say will push the company into an entirely new market. But with Black Friday chaos sweeping the markets, almost no one sees what's coming. This is the stock we believe stands to benefit from Tesla's next major launch.

AstraZeneca's Investigational Hypertension Drug Shows Significant Blood Pressure Control In Pivotal Trial

AstraZeneca's Baxdrostat cut blood pressure by 14 mmHg in the Phase 3 Bax24 trial, showing strong efficacy and safety in resistant hypertension patients.

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Crash In BTC, ETH, Gold, Silves Prices, But Says He's Buying, Not Selling: Here's Why

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has shared his investment strategy amid predictions of an economic downturn.

85% Off: Unlock the 5 gold stocks that could surge

85% Off: Unlock the 5 gold stocks that could surge - Ad

Gold pushed past $4,200, but our expert Sean Brodrick says the real opportunity could lie in a handful of stocks that may soar far beyond gold. He believes the biggest bull market is taking shape and thinks these five companies may have major upside. This weekend only, you can get all five names for just $19.

Nvidia Stock 'Particularly Compelling,' Could See 70% Earnings Growth In 2026, Analyst Says

Bank of America Securities analyst Vivek Arya said skepticism around artificial intelligence (AI) spending is understandable but overstated, calling it a healthy correction within a long-term growth cycle.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Lebanon's most wanted drug trafficker taken into custody, authorities say

BEIRUT (AP) — Lebanon's most wanted drug trafficker was arrested Thursday after years on the run, authorities said.

MP Materials Stock Rebounds After Losses Following Mixed Q3 Results

MP Materials Corp (NYSE:MP) shares are trading higher on Friday after initially trading lower following the company's mixed third-quarter financial results.

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest - Ad

Nvidia is charging into two seismic tech frontiers. But they can't do it alone. Nvidia needs three Silent Partners. Companies so critical, Nvidia's latest trillion-dollar pivot hinges on them. This weekend only, get access to the names of the three companies critical to Nvidia's latest pivot in 2026 for just $19!

Trump Administration Is 'Built Different,' Says Polymarket CEO Shayne Coplan After Prediction Market Gets Green Light: 'Quiet Before The Storm'

Polymarket founder and CEO Shayne Coplan announced on Tuesday, November 25, that the prediction market platform has received approval from the Commodity Futures Trading Commission for intermediated trading in the U.S.

China's pressure on Japan is a familiar tactic that could last for some time

BEIJING (AP) — Just days after China against traveling to Japan, the cancellations started.

The End of Tesla? (Black Friday Briefing)

The End of Tesla? (Black Friday Briefing) - Ad

Judge's footnote on immigration agents using AI raises accuracy and privacy concerns

Tucked in a two-sentence footnote in a voluminous court opinion, a federal judge recently called out immigration agents using artificial intelligence to write use-of-force reports, raising concerns that it could lead to inaccuracies and further erode public confidence in how police have handled the immigration in the area and ensuing protests.

Bernie Sanders Says Shutdown Fight Is About Trump Giving Trillion-Dollar Tax Breaks To 'Mr. Musk, Mr. Bezos' And Other Billionaires: 'Must Not Cave'

Sen. Bernie Sanders blamed President Donald Trump's billionaire-focused tax cuts for causing the record-breaking government shutdown, urging Democrats "not to cave" as the Senate moves toward a vote to reopen the government.

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves - Ad

Dominican Republic authorizes more flights for tourists rerouted by Hurricane Melissa

SANTO DOMINGO, Dominican Republic (AP) — The Dominican Republic has authorized the arrival of 800 new flights to accommodate a surge in tourists who were originally planning to vacation in Jamaica and other nearby islands but were rerouted following the devastation of .

Deep in Trump country, coal miners with black lung say government is suffocating the 'working man'

OAK HILL, W.Va. (AP) — Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, ages, families and the intimate stories of each one’s scarred lungs. She worries about a whole community of West Virginia coal miners — including a growing number in their 30s and 40s — who come to her for help while getting sicker and sicker from what used to be considered an old-timer’s disease: black lung.

Cyber Weekend Sale! 85% Off Disruptors and Dominators!

Cyber Weekend Sale! 85% Off Disruptors and Dominators! - Ad

Bill.Com Scales Payments Footprint With 33 Million Transactions

Bill Holdings, Inc. (BILL) reports Q1 fiscal 2026 results, beating analyst estimates with adjusted EPS of 61c and revenue of $395.74M.

Trending Now