As of May 5, 2025, the "Malina coin" does not appear to be a recognized cryptocurrency. However, there is a cryptocurrency called "Melania Meme" (ticker: MELANIA), which is associated with former U.S. First Lady Melania Trump. This coin has experienced significant controversy and a dramatic decline in value.
Current Status of Melania Meme Coin
Price and Market Cap: The MELANIA token is currently trading around $0.33, with a market capitalization of approximately $183 million. This represents a decline of over 96% from its all-time high of $13.73 in January 2025 .
Trading Activity: Despite the price drop, the token maintains a daily trading volume between $17 million and $22 million, indicating ongoing market activity .
Controversies and Allegations
The Melania Meme project has faced serious allegations, including:
Token Dumping: Reports indicate that the project team has sold over $30 million worth of tokens from community funds without public explanation .
Liquidity Withdrawals: Developers have withdrawn significant liquidity, including a recent $1 million removal, raising concerns about the project's financial stability .
Centralized Token Holdings: Analyses reveal that a substantial portion of the token supply is held by team wallets, contradicting claims of fair distribution and raising fears of potential "rug pull" scenarios .
Conclusion
While the Melania Meme coin is still active and tradable, it has suffered a significant loss in value and faces ongoing controversies that have eroded investor confidence. Potential investors should exercise caution and conduct thorough research before engaging with this or similar cryptocurrency projects.
