MELANIA, the memecoin project of Donald Trump's wife, has just been revealed to quietly liquidate tens of millions of USD worth of tokens from the community fund, without providing any explanation.

According to findings from the blockchain analysis platform Bubblemaps, 50 million MELANIA (approximately 30 million USD) was transferred from the project's community fund to a personal wallet, then dispersed to multiple small wallets to execute sales without anyone noticing.

So far, no one from the MELANIA team has spoken out, including "king of resilience" Hayden Davis - who once claimed to have contributed to the creation of this token.

Bubblemaps also exposed Hayden for using a similar strategy to dump LIBRA tokens, a memecoin that Argentina's President Javier Milei had publicly shared, causing global uproar. LIBRA later led to a major political scandal in Argentina, with allegations of market manipulation and exploiting political fame for pump-dump schemes.

Launched on January 19, 2024, just one day after President Trump released his own memecoin $TRUMP . MELANIA once peaked at over 13 USD, but has now dropped to only 0.52 USD, evaporating more than 96% of its value. Just in the past 24 hours, this token has further plunged by 7%.

At least both the husband and wife are in on it!

This article belongs to the Crypto Diary; if you use it, please credit us.