Melania Trump’s Memecoin Team Moves $30 Million Worth of MELANIA Tokens and Started Selling Them
The team behind the Melania Meme (MELANIA) token, associated with U.S. First Lady Melania Trump, has transferred $30 million worth of the token from its community funds and has begun selling them, according to blockchain analytics firm Bubblemaps.
In a post on April 7, Bubblemaps revealed that 50 million MELANIA tokens, valued at approximately $30 million, were moved out of the project’s community funds. The tokens were then transferred to a single wallet, subsequently being split across multiple addresses.
From there, the firm observed that $3 million worth of tokens were moved to exchanges, while new positions of $6 million each were opened. Additionally, approximately $500,000 worth of MELANIA tokens were sold.
Bubblemaps highlighted that no explanation or statement has been provided by the MELANIA project team regarding these actions. The blockchain analytics firm noted the lack of transparency about both the movement of tokens and the ongoing sales.
Concentration of MELANIA Token Supply in Team Wallets
Bubblemaps also pointed out that a significant portion of MELANIA’s total supply, approximately 92%, is held by “team wallets.” The firm warned that the situation may worsen, signaling that the full impact of these activities may not have unfolded yet. The recent developments have raised concerns within the crypto community about the token’s future, as well as the transparency of the project’s management.
The movement of such a large sum, alongside the selling of tokens, has caused alarm, especially due to the lack of clarity provided by the MELANIA team. As of now, the project’s stakeholders and the broader community are awaiting any official response or clarification.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
