A Bubblemaps report has suggested that the Official Melania Meme team is kicking holders while they are down.

The recent report has put the spotlight back on MELANIA and LIBRA architect Hayden Davis.

A recent report by crypto analytics firm, Bubblemaps, has suggested that the team operating the Official Melania Meme token (MELANIA) may be kicking holders while they are down.

The report, which was released on Tuesday, focused attention back on MELANIA and LIBRA architect, Hayden Davis, and warned that more pain may be coming for MELANIA token holders at the hands of insiders.

Melania Trump, just like OFFICIAL TRUMP, the Solana memecoin launched by President Donald Trump, raised several

when it launched. The token went on to gain immense popularity, with its community fund overflowing with contributions from enthusiastic supporters. However, the report noted that the token has faced “huge sell-offs.”

The analysis revealed a staggering $2 million extraction from MELANIA's liquidity pools, with $1 billion being channeled to exchanges, ultimately impacting the token price. In this instance, the firm directly implicated Davis.

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The report highlighted that the same type of activity was observed with the Javier Milei-backed LIBRA token. According to Bubblemaps, wallets tied to Davis moved $1 billion worth of MELANIA tokens via single-sided liquidity, the same tactic he infamously used to extract $100 billion in liquidity from LIBRA.