- Melania Trump promoted her $MELANIA memecoin with an AI video regardless of allegations of $10M in staff pockets sell-offs.
- Blockchain information exhibits structured token gross sales, with $30M in neighborhood funds moved in April.
- $MELANIA has collapsed 98% from its all-time excessive, echoing different memecoin crashes linked to its co-creators.
Melania Trump resurfaced on social media with an AI-generated video endorsing her official Solana-based memecoin, MelaniaMeme ($MELANIA). Within the video, she known as the token a pathway “into the longer term,” reigniting hype round a mission that had been quiet for practically a yr.
Nevertheless, the promotion didn’t handle main controversies. Blockchain analysts famous that staff wallets linked to $MELANIA allegedly dumped greater than $10 million in tokens, elevating questions on transparency and investor safety.
Blockchain Knowledge Reveals Staff Pockets Promoting
Based on Bubblemaps, the mission’s staff moved $30 million price of neighborhood funds on April 7, with giant quantities quietly bought with out rationalization. Extra gross sales price $1.5 million occurred in late April after a quick value rally, with promoting patterns resembling dollar-cost averaging (DCA).
Lookonchain analysts argued the structured sell-offs recommend a coordinated technique moderately than random exits. These issues come because the mission faces criticism for its lack of communication through the extended silence earlier than Melania’s newest promotional push.
MELANIA Token Collapses 98% From Highs
Regardless of renewed promotion, $MELANIA has seen a dramatic collapse in worth. From an all-time excessive of $13.73 in January, the token now trades close to $0.18 — down greater than 98%.
The controversy deepens given the involvement of Hayden Davis, co-creator of $MELANIA, who has beforehand launched different controversial memecoins, together with Libra ($LIBRA), which noticed $107 million in insider cash-outs, and a Wolf of Wall Avenue-themed token that crashed 99% inside two days.
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