Meme Coin Melania Drops 96% in $30 Million Fire Sale Scandal of Insiders

The Melania Meme coin (MELANIA) is political in nature, launched alongside former First Lady of the United States Melania Trump, and has fallen more than 96% from its all-time high. This sudden collapse has sounded alarm bells across the cryptocurrency industry, with allegations of insider selling and poor management now coming to light. According to blockchain analysts and community investigations, this incident is not only due to poor market sentiment but also due to internal influences. From Political Reputation to Financial Collapse Initially marketed as a "cultural icon" token on the Solana blockchain, MELANIA quickly attracted attention due to its political connections and marketing driven by influencers. But behind flashy headlines, on-chain detectives have uncovered a worrying trend: centralized control over the token supply and unusually timed wallet activity coinciding with the token's price peak. This coin, which was once traded at over $11, is now only $0.44, falling more than 35% just this month and down more than 96% from its peak. Data on Notification Code MELANIA ( as of April 15, 2025 )

Bubblemaps Reveals Internal Fire Sale Plan The incident began when Bubblemaps, a blockchain data visualization company, discovered suspicious money transfer transactions. According to their investigation, approximately 50 million MELANIA tokens, worth about 30 million dollars, were transferred from the "community reserve wallet" to wallets allegedly controlled by insiders.

At least $3 million of these tokens have been deposited into centralized exchanges and more than $500,000 has been sold, directly correlating with the token's plunge. "This is not just terrible tokenomics. This is akin to a textbook example of enriching insiders at the expense of retail holders," blockchain forensic analyst Noah Vance said. Supply Concentration 92% Causes Alarm Perhaps the most concerning revelation is the level of centralized control. According to Bubblemaps, wallets linked to the project team currently hold 92% of the total MELANIA supply — a figure that critics argue is akin to predatory behavior. In a space that emphasizes decentralization and community-driven projects, this level of concentration not only undermines the integrity of the token but also its long-term viability. Political Hype Faces Cryptocurrency Chaos This token was launched as part of a larger wave of meme coins associated with political figures, drawing attention alongside others like TRUMP and BODEN. While meme coins are known for their volatility, the collapse of MELANIA highlights the dangers of celebrity-backed tokens with little to no transparent governance. "This project has leveraged political reputation to attract liquidity," DeFi researcher Rachel Kim commented. "Unfortunately, the very supporters of this token are also the ones quietly selling it off." Conclusion The story of Melania Memecoin is a cautionary tale for the cryptocurrency community. Although meme coins can offer short-term profits and viral appeal, the lack of transparency, internal controls, and proper empowerment mechanisms can turn them into traps for unsuspecting investors. For those participating in this market, the MELANIA incident is a serious reminder: Conduct necessary due diligence, monitor on-chain activity, and be wary of celebrity-endorsed tokens that are hyped but conceal their tokenomics.