The team behind Melania Trump's memecoin "silently sold" 30 million USD

The blockchain analysis company Bubblemaps stated that the team behind the memecoin of the First Lady of the United States Melania Trump, Melania Meme (MELANIA), has transferred 30 million USD worth of tokens out of the project’s community fund and started to sell them.

Bubblemaps stated in a post on April 7 on X that 50 million MELANIA tokens worth approximately 30 million USD “have been transferred from the community fund — and are now being sold quietly with no explanation from the development team.”

The company stated that the tokens were transferred to a single wallet before being “distributed to various other addresses.” From there, Bubblemaps indicated that 3 million USD had been transferred to exchanges, two new positions worth 6 million USD had been opened, and 500,000 USD MELANIA had been sold.

1/ Huge sell-offs on $MELANIA

$30M was moved from community funds —

and is now being quietly sold, with no explanation from the team 🧵 pic.twitter.com/UbhAqiiW61

— Bubblemaps (@bubblemaps) April 7, 2025

Bubblemaps indicates that 92% of the supply of MELANIA is held by the “team’s wallet” and claims that “no damage has occurred yet.”

MELANIA falls freely from a great height

The MELANIA token was launched on January 19, a day after Donald Trump launched his own memecoin and a day before he officially took office.

Basically, this token has lost all its value since its launch and has decreased more than 96% from its peak of over 13 USD in January and is currently trading at 0.5005 USD — down 9% in the last 24 hours, according to CoinGecko.

Last month, Bubblemaps reported that they discovered Hayden Davis, who claims to have helped create MELANIA, had begun “silently selling MELANIA tokens through one-way liquidity.”

This company claims that Davis also used this tactic to quietly sell LIBRA, a memecoin that he was involved in developing and which was promoted by Argentine President Javier Milei, causing a political scandal after the value of this token plummeted.

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