After months of silence, the First Woman promoted her Solana-based MELANIA meme coin in a brand new AI video.
Regardless of a short worth spike, the token continues to endure a 98% collapse from its all-time excessive in January. Trump additionally continues to face backlash over the $10 million price of neighborhood tokens offered by group wallets.
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New MELANIA AI Put up Sparks Buying and selling
Trump promoted her namesake meme coin this week on X by posting an AI-generated video. The publish was captioned “Into the Future” and tagged the coin’s official account.
The social media publish was a shock, reactivating an account that hasn’t uploaded something since June. This sudden transfer triggered a worth spike for the token, inflicting it to leap from $0.16 to $0.19 earlier than dropping again down. On the time of writing, the MELANIA token is buying and selling at $0.18, in accordance with CoinGecko.
Nevertheless, the publish conspicuously lacked any remark from Trump addressing the tens of millions of {dollars} in token gross sales earlier this yr.
Crypto Analysts Increase Crimson Flags
In response to the information, blockchain analysts raised issues over how the group behind the MELANIA meme coin dealt with neighborhood funds.
In April, the MELANIA venture moved and offered over $30 million price of neighborhood tokens with out clarification, based mostly on on-chain knowledge tracked by Bubblemaps. The platform additionally highlighted that $10 million price of tokens had been faraway from neighborhood swimming pools and offered.
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This lack of communication drew criticism from analysts who argued the venture lacked transparency.
“Melania Trump gained’t tackle the $10M of neighborhood tokens offered by group wallets. Simply publish an AI video after 10 months of silence,” Bubblemaps wrote in a social media publish at this time.
In a separate occasion recorded that very same month, the MELANIA venture group systematically offered over $1.5 million in tokens throughout three days, capitalizing on a short 21% worth restoration. They used a maneuver just like a Greenback-Price Averaging (DCA) technique, conducting small, staggered gross sales relatively than a single huge dump.
This calculated strategy allowed the group to dump a lot of their holdings, generate constant promoting strain on the token, and mitigate the danger of triggering a right away, catastrophic worth crash.
Controversy Over Presidential Tokens
Trump famously launched her meme coin on the eve of Donald Trump’s presidential inauguration. The token rapidly surged, reaching a peak of $13.73 earlier than crashing. Its worth by no means recovered.
The MELANIA token launch rapidly adopted the one launched by the President himself. In contrast to MELANIA, TRUMP had extra intervals of success. The token skilled worth surges following key coverage bulletins.
The TRUMP token has additionally confronted vital public criticism, primarily pushed by accusations of market manipulation.
The controversy peaked in Might when the President invited the highest 220 token holders to an unique dinner at his Virginia golf membership. Critics closely scrutinized the occasion, arguing it was an inappropriate use of public workplace for personal monetary acquire, particularly because the occasion’s publicity additionally elevated the token’s worth.