{"id":21203,"date":"2025-04-09T03:31:45","date_gmt":"2025-04-09T03:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21203"},"modified":"2025-04-09T03:31:45","modified_gmt":"2025-04-09T03:31:45","slug":"melania-trumps-memecoin-team-quietly-sold-30m-says-bubblemaps","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21203","title":{"rendered":"Melania Trump\u2019s memecoin team \u2018quietly sold\u2019 $30M, says Bubblemaps"},"content":{"rendered":"
\n

<\/p>\n<\/p>\n

\"Melania<\/p>\n

The team behind US first lady Melania Trump\u2019s memecoin, Melania Meme (MELANIA), has moved $30 million worth of the token out of the project\u2019s community funds and has begun selling them, says blockchain analytics firm Bubblemaps.<\/p>\n

Bubblemaps said<\/a> in an April 7 X post that 50 million MELANIA tokens worth around $30 million \u201cwas moved from community funds \u2014 and is now being quietly sold, with no explanation from the team.\u201d<\/p>\n

It added the tokens were moved to a single wallet before being \u201csplit across multiple addresses.\u201d From there, Bubblemaps said $3 million worth were transferred to exchanges, two new $6 million positions were opened, and $500,000 worth of MELANIA was sold.<\/p>\n

\"Melania
\n

Source: <\/em>Bubblemaps<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

\u201cNo one from the MELANIA team has addressed this. Not the movements. Not the selling,\u201d it added.<\/p>\n

Bubblemaps said that 92% of MELANIA\u2019s supply is held by \u201cteam wallets\u201d and claimed that \u201cthe damage isn\u2019t done yet.\u201d\u00a0<\/a><\/p>\n

MELANIA freefalls from peak high\u00a0<\/h2>\n

The MELANIA token was launched on Jan. 19, a day after Donald Trump launched his own memecoin<\/a> and a day before he was due to re-enter the White House.<\/p>\n

The token has essentially lost all its value since launch and is down over 96% from its January high of over $13, and is trading at $0.51 \u2014 down over 7.5% in the last day, according<\/a> to CoinGecko.<\/p>\n

Bubblemaps said<\/a> last month that it found that Hayden Davis, who said he helped create MELANIA, had started \u201ccovertly selling $MELANIA tokens via single-sided liquidity.\u201d<\/p>\n

Related:<\/strong><\/em> Libra, Melania creator\u2019s \u2018Wolf of Wall Street\u2019 memecoin crashes 99%<\/strong><\/em><\/a><\/p>\n

The firm claimed Davis had also used the tactic to quietly sell LIBRA, a memecoin he also copped to making that was shared by Argentine President Javier Milei, which caused a political scandal<\/a> after the token\u2019s value cratered.<\/p>\n

Interest in memecoins has recently waned amid a wider market rout with data from Dune Analytics<\/a> in March finding that the number of tokens graduating from Solana-based memecoin launchpad, Pump.fun, had dropped by over two-thirds since January, falling from 5400 per week to just 1500.\u00a0<\/p>\n

The total number of tokens launching on Solana is also down, with data<\/a> from SolScan showing only 31,651 launched on April 5, less than one-third of the 95,578 created at the peak of the memecoin frenzy this year on Jan. 26.<\/p>\n

Magazine:<\/strong><\/em> Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge<\/strong><\/em><\/a><\/p>\n