MELANIA Meme Coins Worth $30 Million Quietly Sold — No Word From Project Team: Report
Benzinga (Wed, 09-Apr 7:01 AM)
A blockchain analytics firm revealed that over $30 million worth of Official Melania (CRYPTO: MELANIA) meme coins were quietly sold, raising questions about the transparency of the project team and Hayden Davis.
What Happened: According to blockchain analytics firm, Bubblemaps, the Solana-based (CRYPTO: SOL) tokens were moved from community funds, with no explanation from the project team or Davis, who acknowledged having co-created the MELANIA meme coin.
A total of 50 million MELANIA tokens were sent to the wallet “Cq2Tj6” before being distributed to multiple other addresses. More than $3 million was transferred to centralized exchanges, two new positions worth $6 million each were established, and $500,000 has already been liquidated.
