Melania Trump-Linked Memecoin Faces Sell-Off Pressure from Within

A memecoin bearing the name of Melania Trump, the former First Lady and spouse of President Donald Trump, has caught the attention of blockchain analysts — not for its market performance, but for what’s happening behind the scenes.

A memecoin directly linked to Melania Trump, the former First Lady and spouse of President Donald Trump, has come under scrutiny from blockchain analysts, not for its market performance, but rather for the actions of the team behind the project.

On-chain data indicates that the developers of the token, known as MELANIA, have been steadily cashing out of the project over the past month.

According to the analysts at TokenPulse, the team has reportedly sold around $8 million worth of the token, with transactions showing direct swaps for Solana (SOL), the ecosystem where the coin is deployed. In addition to the token sales, the project’s liquidity pools have seen several adjustments, which could be related to attempts to control price movements or facilitate exits.

Upon its launch in June, MELANIA generated significant buzz and hype, at one point even reaching a valuation of $2 billion. However, in just four months, that figure has dwindled to approximately $223 million. The token is currently trading at nearly 96% below its peak price of $13.

Unlike Donald Trump’s more accepted memecoin project, which recently gained listings on major exchanges like Binance and Coinbase, MELANIA has yet to be listed on any significant platforms. This limitation might have played a role in restricting the token’s reach and ultimately contributed to its fading momentum.

While the project initially drew attention for its association with the former First Lady, the latest developments suggest that speculation and internal token movements might be playing a larger role than any long-term vision for the memecoin’s future.