MELANIA Token Team Cashes Out $4.2 Million in 25 Days: Is This Just the Beginning?

The MELANIA crew has been on a wild ride, dumping a whopping $4.2 million worth of tokens in just the last 25 days. And guess what? On-chain detectives are buzzing that this is just the tip of the iceberg, with more community tokens set to hit the market soon.

Lookonchain's been keeping a close eye, and they've spotted the MELANIA team juggling liquidity across eight wallets like it's a hot potato. In the past month alone, they've swapped out 6.72 million tokens for 34,168 SOL, raking in a cool $4.2 million in profits. Talk about a cash grab!

But wait, there's more! On-chain sleuths are convinced this is part of a bigger plan to offload even more tokens from the project's community funds. Bubblemaps has been digging deep and found that the team behind the First Lady's meme coin has been quietly selling off the community's stash for months now.

Just last week, they pulled a fast one, dumping $2 million worth of tokens from community funds in a single-sided liquidity sale. Bubblemaps is calling them out, saying the team's been selling off a massive chunk of tokens without so much as a peep about why.

"Huge sell-offs on $MELANIA $30M was moved from community funds — and is now being quietly sold, with no explanation from the team," Bubblemaps blasted in a recent post.

As we speak, the official First Lady meme coin's taken a hit, dropping 0.9% in the last 24 hours and nearly 10% over the past week. The Solana-based token's trading at $0.51 right now, but just yesterday it crashed to a new all-time low, dipping below $0.50 for the first time ever since it launched.

More MELANIA Token Sales on the Horizon?

Bubblemaps has uncovered some serious moves, revealing that the team shifted 50 million MELANIA tokens, worth around $30 million, from community funds to another wallet before spreading them across multiple addresses.

And it doesn't stop there. Two of those wallets opened up new positions on-chain, each worth $6 million. Another wallet sent $3 million in crypto to exchanges, and $500,000 worth of tokens were sold off. It's like watching a high-stakes game of musical chairs with millions on the line!

1/ Huge sell-offs on $MELANIA

$30M was moved from community funds —

and is now being quietly sold, with no explanation from the team 🧵

All this on-chain action from team wallets has Bubblemaps convinced that the team's gearing up to dump even more tokens. Right now, they're sitting on a staggering 92% of the total token supply, according to Bubblemaps.

"No one from the MELANIA team has addressed this. Not the movements. Not the selling. If it's the team behind it, why stay silent? If it's Hayden Davis, why hasn't anyone stepped in?" Bubblemaps demanded answers.