Melania token sale raises concerns in the cryptocurrency market. Learn about the potential crisis and declining interest in meme coins.
Bubblemaps analytical company revealed that Melania Trump’s team has transferred 50 million MELANIA tokens worth approximately $30 million from the project’s budget and started selling them without any explanation. Most of the tokens are held by the project team’s wallets, raising concerns of potential further damages. Despite this, team members have not provided any explanations for these transfers or sales. Melania tokens have lost over 96% of their value since their launch on January 19, dropping from over $13 to $0.51. Interest in meme coins is declining, with token supply on the Pump.fun platform decreasing from 5,400 to 1,500 weekly.
