The team behind Melania Trump’s memecoin, launched under her name as the wife of U.S. President Donald Trump, has reportedly sold off $30 million worth of tokens in secret. The information was exposed by Bubblemaps, a blockchain analytics platform, which voiced concern especially because there has been “no official explanation” from the team regarding the large-scale token dump.

1/ Huge sell-offs on $MELANIA

$30M was moved from community funds —

and is now being quietly sold, with no explanation from the team 🧵 pic.twitter.com/UbhAqiiW61

— Bubblemaps (@bubblemaps) April 7, 2025

92% of Tokens Controlled by the Team

This incident once again highlights the risks associated with investing in memecoins. If even the former President of the United States and his family can’t be trusted in the crypto world, who can?

On the other hand, one might ask: What else did people expect from memecoins?

At the end of the day, memecoins are speculative assets with no intrinsic value. Unlike Bitcoin—which is often described as “digital gold” and viewed by many as a long-term store of value—memecoins have no underlying fundamentals or utility.

They are not backed by real-world assets. The only thing driving their value is hype and speculation. By now, it should be clear to most that people only buy these kinds of tokens in hopes of flipping them later for a profit.

You could argue it’s a form of gambling, and this recent development only reinforces that idea. It’s nothing now, and it’s unlikely to ever be something meaningful.

MELANIA Token in Free Fall

The MELANIA token was launched on January 19—a day before Donald Trump held a press conference about “re-entering” the White House, and a day after he launched his own memecoin, TRUMP.

Since its launch, MELANIA has lost nearly all its value. From an all-time high of $13 in January, the token has crashed by 96%, now trading at just $0.50—a drop of over 7.5% in the past 24 hours alone.

Last month, Bubblemaps already revealed that Hayden Davis, one of the developers behind MELANIA, had begun secretly selling the token shortly after launch.

Now, it appears the core team itself is also cashing out—on a massive scale.

Memecoin Lessons Still Not Learned?

This case serves as a powerful reminder of how fragile and risky these projects can be. Whether or not you’ve invested in such tokens before, the lack of transparency, centralization of supply, and sudden exits by insiders are clear red flags.

Did you ever get involved in projects like this? If so, you’ve probably learned that memecoins are often built more on marketing than on merit—and they can fall apart just as fast as they rise.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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