AI-Powered Promotion Amid Controversy
US First Lady Melania Trump has once again entered the crypto spotlight after promoting her Solana-based memecoin, MelaniaMeme (MELANIA), in a new AI-generated video. She described the token as the path “into the future,” tagging the official memecoin account on X.
However, the comeback has raised eyebrows, as it follows months of silence and comes amid ongoing allegations that team wallets behind the project quietly sold off millions of dollars’ worth of tokens.
$10 Million in Token Sales Under Scrutiny
Blockchain analytics firm Bubblemaps highlighted that over $30 million in community funds were moved on April 7, with a large portion of tokens “quietly sold” without explanation.
In addition, Lookonchain reported that the MELANIA team sold another $1.5 million worth of tokens in just three days leading up to April 28, right after a 21% price increase. Analysts said the pattern resembled dollar-cost averaging (DCA) — a method often used by traders to strategically enter or exit positions.
Despite these findings, no official statement has been made by either Melania Trump’s office or the token’s development team regarding the sales.
Token Price Collapse: Down 98% from Peak
The MELANIA token has suffered a dramatic price collapse, now trading around $0.18, down more than 90% since launch and a staggering 98% from its all-time high of $13.73.
This sharp decline mirrors a broader trend in celebrity-backed and hype-driven memecoins, which often spike on launch before facing heavy sell-offs by insiders or developers.
The Hayden Davis Connection
Another layer of controversy surrounds Hayden Davis, co-creator of MELANIA and several other memecoins during the 2025 boom. Davis was previously tied to the Libra (LIBRA) token, which collapsed after eight insider wallets cashed out $107 million, erasing $4 billion in market value within hours.
Just weeks later, Davis launched a Wolf of Wall Street-themed memecoin with an insider supply of over 80%. That token crashed by 99% within two days, leaving investors with massive losses.
The MELANIA token initially drew attention due to its political association and celebrity promotion. But with ongoing questions about insider sales, price crashes, and lack of transparency, the project faces an uphill battle to regain investor trust.
While the AI promotion signals a return of marketing efforts, crypto analysts warn that fundamentals — not hype — will determine whether MELANIA can survive the memecoin cycle.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.