Date: 2025-04-08
The team behind US First Lady Melania Trump’s memecoin, Melania Meme (MELANIA), has moved $30 million worth of the token out of the project’s community funds and has begun selling them, says blockchain analytics firm Bubblemaps.Bubblemaps said in an April 7 X post that 50 million MELANIA tokens worth around $30 million “was moved from community funds — and is now being quietly sold, with no explanation from the team.”It added the tokens were moved to a single wallet before being “split across multiple addresses.” From there, Bubblemaps said $3 million worth was transferred to exchanges, two new $6 million positions were opened, and $500,000 worth of MELANIA was sold.Source: Bubblemaps“No one from the MELANIA team has addressed this. Not the...
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