Bitcoin

Melania Trump’s memecoin team ‘quietly sold’ $30M, says Bubblemaps

The team behind us The first lady of Melania Trump, same, Melania Same (Melania), moved $ 30 million from the project token of the project and started selling them, explains Bubblepbblep, the blockchain analysis company.

Bubblemaps said in a post of April 7 that 50 million Melania tokens worth around 30 million dollars “had been moved by community funds – and is now selling quietly, without explanation of the team.”

He added that the tokens were moved to a single wallet before being “divided on several addresses”. From there, Bubblemaps said that $ 3 million was transferred to the scholarships, two new $ 6 million positions were opened and $ 500,000 from Melania was sold.

Source: Bubblemaps

“No one of the Melania team has addressed this. Not the movements. Not the sale,” he added.

Bubblemaps said 92% of Melania’s offer is owned by “team portfolios” and said that “the damage is not yet caused”.

Melania Freefall Free of Peak High

The Melania token was launched on January 19, a day after Donald Trump launched his own same and one day before he had to return to the White House.

The token has essentially lost its full value since its launch and has dropped by more than 96% compared to its January summit more than $ 13, and is negotiated at $ 0.51 – down more than 7.5% on the last day, according to Coingecko.

Bubblemaps said last month that he had found that Hayden Davis, who said he had helped create Melania, had started to “secretly sell Melania’s tokens via liquidity in one side”.

In relation: Balance, same, “Wolf of Wall Street” by Melania Creator, crashes 99%

The company said that Davis also used tactics to sell Balance quietly, a same, which he also did to do what was shared by Argentinian president Javier Milei, who caused a political scandal after the value of the token value.

The interest in even even won in the middle of a wider market rout with the data from Dune Analytics in March, noting that the number of tokens with the same Launchpad based in Solana, Pump.fun, had dropped more than two thirds since January, going from 5400 per week to only 1,500.

The total number of tokens launched on Solana is also decreasing, the soil data indicating only 31,651 launched on April 5, less than a third of the 95,578 created at the top of the frenzy of Memecoin this year on January 26.

Review: The same is DED – but Solana “100x better” despite the income dive