- Melania Trump promoted her $MELANIA memecoin with an AI video despite allegations of $10M in team wallet sell-offs.
- Blockchain data shows structured token sales, with $30M in community funds moved in April.
- $MELANIA has collapsed 98% from its all-time high, echoing other memecoin crashes linked to its co-creators.
Melania Trump resurfaced on social media with an AI-generated video endorsing her official Solana-based memecoin, MelaniaMeme ($MELANIA). In the video, she called the token a pathway “into the future,” reigniting hype around a project that had been quiet for nearly a year.
However, the promotion did not address major controversies. Blockchain analysts noted that team wallets linked to $MELANIA allegedly dumped more than $10 million in tokens, raising questions about transparency and investor protection.
Blockchain Data Shows Team Wallet Selling
According to Bubblemaps, the project’s team moved $30 million worth of community funds on April 7, with large amounts quietly sold without explanation. Additional sales worth $1.5 million occurred in late April after a brief price rally, with selling patterns resembling dollar-cost averaging (DCA).
Lookonchain analysts argued the structured sell-offs suggest a coordinated strategy rather than random exits. These concerns come as the project faces criticism for its lack of communication during the prolonged silence before Melania’s latest promotional push.
MELANIA Token Collapses 98% From Highs
Despite renewed promotion, $MELANIA has seen a dramatic collapse in value. From an all-time high of $13.73 in January, the token now trades near $0.18 — down more than 98%.
The controversy deepens given the involvement of Hayden Davis, co-creator of $MELANIA, who has previously launched other controversial memecoins, including Libra ($LIBRA), which saw $107 million in insider cash-outs, and a Wolf of Wall Street-themed token that crashed 99% within two days.
