The Melania Token ($MELANIA) has recently come under fire for a series of questionable transactions that indicate the project’s team might be illicitly selling off huge amounts of tokens for a big payday—without saying a word or being transparent about it to the community.
Over the last few weeks, blockchain analysis tools and on-chain data have helped to identify a pattern of liquidity providing and funds movement that have the project’s community holders a little on edge and demanding answers.
For the last 25 days, tracking detailed reports have stated that approximately 6.72 million $MELANIA tokens have been sold for 34,168 SOL—a sum that amounts to around $4.2 million. This has supposedly been accomplished through a series of liquidity adds and pulls at eight separate wallets, which in turn have raised significant concerns over the very nature of these transactions and who has been pulling their strings.
Making matters worse is the disclosure that last week, another $2 million worth of $MELANIA community funds was turned into cash through single-sided liquidity pools—a technique frequently used to dump tokens without setting off immediate alarms. These revelations were first made public by the blockchain analytics platform Bubble Maps, which has been closely following the movement of $MELANIA tokens through various wallets.
The #Melania token team has been offloading $MELANIA through liquidity adds and pulls!
Over the past 25 days, they’ve sold 6.72M $MELANIA for 34,168 $SOL ($4.2M) by adding and removing liquidity across 8 wallets.
Address:
9FfHLRxW8Y1BC2swHXJN7NuRqbdPnTwAJB5bARDbzTEq… pic.twitter.com/xWlPlFf6Yt— Lookonchain (@lookonchain) April 10, 2025
Suspicious Fund Transfers and Deafening Silence
The crypto community has rapidly expanded, and so has its vocal segment. Yet, when irregularities were pointed out to this segment, one could reasonably expect either the development team behind the Melania token or Hayden Davis, the individual most publicly associated with the project, to respond. But neither has chosen to issue any statement, address the suspicious transactions, or clarify what, exactly, the liquidity operations or wallet movements were intended to accomplish.
Rather than any direct communications, it was only the ongoing activity on the blockchain that broke the stillness. Investors got a jolt when they saw that 50 million MELANIA tokens—thought to be worth some $30 million—had been transferred, in seeming breach of security, from the official community funds wallet to an address (Cq2Tj6) that wasn’t on any prior list of known safe places. By this point, it was clear to our reporters that MELANIA was on the move—meanwhile, the market for MELANIA was feeling the effects. And what about those supposedly safe places? Those are safe no more.
1/ Huge sell-offs on $MELANIA
$30M was moved from community funds —
and is now being quietly sold, with no explanation from the team 🧵 pic.twitter.com/UbhAqiiW61
— Bubblemaps (@bubblemaps) April 7, 2025
From the redistributed tokens, two fresh positions were opened, each worth about $6 million. During this period, over $3 million in tokens were sent directly to exchanges. Additionally, a little over $500,000 worth has already been sold, presumably on the open market. These movements naturally resulted in further speculation that the MELANIA team is hemorrhaging value from the project and lack of transparency with token holders and the broader crypto community.
Concern mounts further due to the enormous control amassed by the team. It is now estimated that wallets controlled by the team collectively hold around 92% of the total $MELANIA tokens in existence. In DeFi and tokenomics, such concentrated ownership is almost universally regarded as a ticking time bomb. It makes the project far more susceptible to price manipulation and sudden liquidity crashes than other investment vehicles are.
Accountability Questions Loom as Trust Erodes
The mounting evidence of behind-the-scenes sales and strategic liquidity withdrawals has placed the MELANIA token project under intense scrutiny. With millions in tokens moved and sold without explanation and no communication from the team or Hayden Davis, trust in the project is eroding quickly.
Many people in the crypto community view the situation as part of a familiar, and troubling, pattern. This is where developers or insiders offload big chunks of tokens into the market. And they often do this, they say, under the guise of maintaining or even growing liquidity. If you think that even sounds a little sketchy, you’re not alone; critics have suggested this kind of thing can border on what some are now calling “slow rug pulls.” In this scenario, the value is quietly extracted until the project is, for all intents and purposes, defunct.
Critical unanswered questions now confront investors and community members. Where is the public response from the MELANIA team? Why has Hayden Davis, a key person tied to the token, been mute while millions in token value have been shifted or liquidated? And the big one: What—if anything—keeps the assets held by the community safe from being siphoned off in the future?
Until those questions are dealt with, MELANIA’s future remains uncertain, and its credibility may have already taken too severe a hit to allow for recovery. As the turmoil around the project intensifies, it’s hard to see how the consortia can do anything other than either provide some clarity around the NETPs or risk losing whatever support they still have from an increasingly wary community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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