**Title: “Blockchain Insights Uncover $30 Million in Community Funds Linked to Melania Trump’s MELANIA Token”**
Blockchain analytics have uncovered a significant development involving the MELANIA token, associated with Melania Trump. Reports indicate that the team behind this token has allegedly transferred and sold $30 million worth of community funds. This incident follows a troubling trend of suspected fraudulent activities seen with other politically-themed meme coins, resulting in a staggering 96% drop in the MELANIA token’s value.
Bubblemaps, a blockchain analytics firm, shared their findings on the X platform, revealing that the Melania Meme (MELANIA) token team quietly sold off an astonishing $30 million in community funds. Traders often describe memecoins as a “pure form of gambling,” where fortunes can shift dramatically. According to Bubblemaps, a whopping 50 million MELANIA tokens, valued at around $30 million, were transferred from community-held wallets to a single address before being dispersed across multiple wallets.
The analytics firm noted that this transfer was followed by what is termed “stealth selling.” Specifically, $3 million worth of MELANIA tokens were moved to centralized exchanges, with two positions of $6 million each established, alongside another $500,000 in tokens already sold. Alarmingly, Bubblemaps pointed out that “No one from the MELANIA team has addressed this. Not the movements. Not the selling.”
Adding to the concern, the firm highlighted that 92% of the total MELANIA supply remains in wallets associated with the project team, indicating that the potential for further issues is still very much alive. The MELANIA token was launched on January 19, just a day after Donald Trump introduced his own memecoin and a day before he took office as a pro-crypto President. The launch of MELANIA was notable, as it coincided with a 50% decline in the TRUMP token, leading to a market capitalization of $13 billion for MELANIA.
“This is beyond insane,” analysts from The Kobeissi Letter remarked on X. Just 48 hours prior, Donald Trump’s TRUMP token had erased $7.5 billion in market cap within minutes. During the launch of Melania Trump’s token, there were significant sell orders for $TRUMP. As of now, according to CoinGecko, the MELANIA token has plummeted over 96% from its all-time high of more than $13, currently trading around $0.51, with a 6.2% drop in the last 24 hours alone.
Bubblemaps has been closely monitoring MELANIA and its associates for some time. Last month, they reported that Hayden Davis, who claimed to co-create MELANIA, was covertly selling tokens using a method known as single-sided liquidity. This same individual allegedly employed a similar strategy to offload LIBRA, another memecoin linked to a prominent political figure, Argentine President Javier Milei, which also saw its value collapse, leading to a significant political scandal in Argentina. The broader memecoin market is currently feeling the strain, as indicated by Dune Analytics.
