Bubblemaps Flags Quiet $30M Sell-Off of MELANIA Tokens

Bubblemaps Flags Quiet $30 Million Sell-Off of Melania Meme Tokens

Written by Aaron S.,

Editor-In-Chief

Last Updated: April 08, 2025

Key Takeaways

Over $30 million in MELANIA tokens were moved and partly sold, with no explanation from the team or token creator Hayden Davis;
Bubblemaps found 50 million tokens funneled through one wallet, split across others, with millions sent to exchanges or new wallets;
With 92% of MELANIA supply held by the team, investors fear sudden transfers could continue without warning or accountability.

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Bubblemaps, a blockchain tracking company, reported that over $30 million worth of Melania Meme (MELANIA) tokens were moved and sold quietly.

The token, linked to US First Lady Melania Trump, runs on the Solana SOL $199.36 network.

The tokens were taken from wallets meant for the community. According to an April 7 post on X, Bubblemaps found that 50 million tokens were first sent to one wallet, marked "Cq2Tj6", before being split into several others.

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Additionally, more than $3 million was sent to crypto exchanges. Two new wallets received $6 million each, and $500,000 has already been sold.

According to Bubblemaps, neither the project’s team nor Hayden Davis, the person behind the token’s launch, has explained what happened. Bubblemaps said on X:

No one from the MELANIA team has addressed this. Not the movements. Not the selling.

On March 28, there was another $2 million sale. Bubblemaps explained that the method used was similar to one seen in February during the collapse of another token, LIBRA — a project also linked to Davis.

Team wallets are said to hold 92% of all MELANIA tokens. This has raised concerns that regular buyers have little protection if the people in charge decide to move more funds without notice.

On 6 April, the REAL token, a cryptocurrency project linked to former UFC champion Conor McGregor, announced plans to return funds to investors. What did the team say about it? Read the full story.