Blockchain Analytics company Bubbremaps said that our first lady Melania Trump’s Memecoin Melania Meme (Melania) has removed $30 million worth of tokens from the project’s community funding and started selling them.
bubble explain In the April 7 X post, about $30 million worth of 50 million Melania tokens “transferred from community funds and are now being sold quietly without the team’s explanation.”
It added that the tokens were moved to a wallet, then “separated across multiple addresses.” From there, Bubblemaps said that $3 million was transferred to the exchange, and two new $6 million positions opened, selling $500,000 worth of Melania.
source: bubble
It added: “No one in the Melania team can solve this problem. Not an action. Not a sell.”
Bubblemaps said 92% of Melania’s supply is held by a “team wallet” and claimed that “the damage has not been caused yet.”
The peak of Melania free fall
Melania tokens launched on January 19, Donald Trump launches his own second day member The day before he was about to re-enter the White House.
Since its launch, the token has essentially lost all its value, down more than 96% from its January high, trading at $0.51, down 7.5% on the last day, more than 7.5% according to It is for men and women.
bubble explain Last month, it discovered that Hayden Davis said he helped create Melania, and he began “secretly selling $Melania tokens through one-sided liquidity.”
Related: Libra, Melania creator’s “Wolf of Wall Street” memorial crashed 99%
The company claims Davis also used strategies to sell Libra quietly, and he also shared that this was a member for Argentina President Javier Milei, which led to a Political scandal After the value of the token is spread all over.
Interest in Memecoins has been reduced recently in a wider market crash Dune Analytics’ data The number of tokens graduated from Solana-based Memecoin Launchpad pump.fun has dropped more than two-thirds since January, from 5,400 per week to 1,500.
The total number of tokens launched on Solana has also declined, among which data From Solscan, only 31,651 launches were launched on April 5, less than one-third of the 95,578 peak of the Memecoin Frenzy on January 26 this year.
Magazine: Memecoins is DED – but despite the decline in revenue, Solana is ‘100 times better’
