Bubblemaps Flags Quiet $30 Million Sell-Off of Melania Meme Tokens

The token, linked to US First Lady Melania Trump, runs on the Solana SOL $132.38 network.

The tokens were taken from wallets meant for the community. According to an April 7 post on X, Bubblemaps found that 50 million tokens were first sent to one wallet, marked "Cq2Tj6", before being split into several others.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Paper Hands vs Diamond Hands: Crypto Slang Explained (ANIMATED)

SUBSCRIBE

ON YOUTUBE

Additionally, more than $3 million was sent to crypto exchanges. Two new wallets received $6 million each, and $500,000 has already been sold.

According to Bubblemaps, neither the project’s team nor Hayden Davis, the person behind the token’s launch, has explained what happened. Bubblemaps said on X:

No one from the MELANIA team has addressed this. Not the movements. Not the selling.

On March 28, there was another $2 million sale. Bubblemaps explained that the method used was similar to one seen in February during the collapse of another token, LIBRA — a project also linked to Davis.

Team wallets are said to hold 92% of all MELANIA tokens. This has raised concerns that regular buyers have little protection if the people in charge decide to move more funds without notice.

On 6 April, the REAL token, a cryptocurrency project linked to former UFC champion Conor McGregor, announced plans to return funds to investors. What did the team say about it? Read the full story.