Melania Trump Promotes MELANIA Token Amid $10M Team Sale Allegations

Melania Trump has resurfaced in the crypto space with a new promotion for her Solana-based memecoin, MELANIA, just months after controversy over $10 million in team token sales and a 98% price drop.

• Melania Trump promoted her MELANIA memecoin in an AI-generated video after months of silence.
• Blockchain analysts accused the token team of selling $10 million worth of community funds.
• $30 million in tokens were allegedly moved and sold in April 2025 without explanation.
• The MELANIA token has fallen 98% from its all-time high of $13.73.
• Hayden Davis, linked to other failed memecoins like LIBRA, co-created the project.
• The Trump team has not yet commented on the controversy.

U.S. First Lady Melania Trump has returned to promoting her Solana-based memecoin, MELANIA, after nearly ten months of silence. In a video post on X (formerly Twitter), generated with AI, Melania described the token as a step “into the future,” tagging the official MELANIA account.

However, her post sparked renewed scrutiny from blockchain analysts, who pointed out that the project never explained millions of dollars in token sales allegedly made by the development team.

Bubblemaps, a blockchain data visualization firm, noted that the team behind MELANIA sold around $10 million worth of community tokens earlier this year. “Melania Trump won’t address the $10M of community tokens sold by team wallets. Just post an AI video after 10 months of silence,” Bubblemaps said in a post on X.

According to blockchain data, on April 7, team wallets moved $30 million worth of MELANIA tokens, which were later sold without any official statement. More sales — totaling $1.5 million — occurred between April 25 and 28, just days after the token price rose 21%. Analysts at Lookonchain said the activity followed a dollar-cost averaging (DCA) pattern, a strategy used to sell assets gradually over time.

The MELANIA token has struggled since its launch in January, losing over 98% of its value. It currently trades at around $0.18, far below its all-time high of $13.73, according to CoinMarketCap data.

Further adding to the controversy, Hayden Davis, co-creator of MELANIA and the LIBRA memecoin, has been linked to multiple failed token projects. In March, he launched a Wolf of Wall Street-themed coin that crashed 99% in just two days after insiders held more than 80% of the supply. Before that, LIBRA collapsed when insider wallets withdrew $107 million, wiping out nearly $4 billion in market value.

So far, neither Melania Trump nor her team has responded to reporters’ questions about the allegations.

Final Thought

Melania Trump’s renewed promotion of her memecoin has reignited debate about transparency and trust in celebrity-backed crypto projects. With the MELANIA token’s massive losses and unaddressed sales allegations, investors remain cautious — underscoring the growing risks of hype-driven tokens in the memecoin market.