The team behind us First Lady Melania Trumps Memecoin, Melania Meme (Melania), has contested the token from the project's community by 30 million US dollars and commenced selling them, says Blockchain Analytics company Bubblemaps.
BIFOREPSAPs announced in a post on April 7 that fifty million Melania -token value around 30 million US dollars were “postponed from shared funds -and is now tacitly sold without the team's explanation.”
It added that the tokens were moved to a single wallet before “divided over several addresses”. From there that bubbles have been transferred 3 million US dollars value stocks, two latest 6 million dollars were opened and Melania value $ 500,000 were sold.
Source: Bub problemaps
“Nobody from the Melania team addressed this. Not the movements. Not the sale,” added.
According to the burial problem, 92% of Melania's supply is held by “Team money exchanges” and claims that “the damage has not yet been done”.
Melania traces from the highest high
The Melania token was launched on January 19, the day after Donald Trump had began his own Memecoin, and a day before he returned to the White House.
The token has essentially lost its entire value for the reason that start and has decreased over 96% in comparison with the January high of over 13 US dollars and, based on Coingecko, deals with 0.51 USD -over 7.5% within the last day.
Biffetops said last month that Hayden Davis, who said he had helped to create Melania, to sell “hidden” $ Melania tokens about one -sided liquidity “.
The company claimed that Davis also used tactics to sell the scales quietly, a memo coin that he also shared to provide Argentine President Javier Milei, which caused a political scandal after the worth of the token.
In the center of a wider market trout with data from Dune Analytics in March, interest in Memecins has recently found that the variety of tokens from Solana Launchpad Pump.fun has fallen by over two thirds since January and has dropped from 5400 per week to only 1500.
The total variety of tokens began on Solana has also dropped. Data from Solscan only show 31,651 on April 5, lower than a 3rd of the 95,578, which were created on January 26 at the peak of the Memecoin Frenzy.
