title: Melania Trump’s Memecoin Team Moves $30 Million Worth of MELANIA Tokens and Started Selling Them

The team behind the Melania Meme (MELANIA) token, associated with U.S. First Lady Melania Trump, has transferred $30 million worth of the token from its community funds and has begun selling them

The team behind the Melania Meme (MELANIA) token, which is linked to U.S. First Lady Melania Trump, has moved 50 million MELANIA tokens, valued at around $30 million, from the project’s community funds, according to blockchain analytics firm Bubblemaps.

The tokens were then split into multiple addresses. From there, around $3 million in tokens were moved to exchanges, while new positions of $6 million each were opened. Additionally, about $500,000 of MELANIA tokens were sold.

However, no explanation or statement has been provided by the MELANIA project team.

However, no explanation or statement has been provided by the MELANIA project team.

“The lack of transparency regarding these activities and the ongoing sales of MELANIA tokens raise concerns among observers,” stated Bubblemaps in its latest post.

Moreover, Bubblemaps highlighted that a substantial portion of MELANIA’s total supply, amounting to 92%, is concentrated in team wallets.

“The situation may worsen, signaling that the full impact of these activities may not be unfolding yet,” the firm added.

Recently, there has been a discussion on Twitter regarding the future of Melania Meme and the transparency of the project’s management.

Melania Trump launched her own NFT collection, Melania Trump Collection, in December 2022, and in February, the First Lady announced the launch of her own Web3 initiative, Melania Trump Web3.

The Melania Meme token, created by an undisclosed party, is a meme token that was launched in March to pay tribute to Melania Trump. The token quickly gained attention in the crypto community.

As of press time, MELANIA is trading at $0.59, showing a 24-hour price increase of 0.6%. In the past seven days, the token has experienced a price increase of 1.5%.