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- MELANIA team allegedly sold over 23 million tokens using subtle liquidity strategies on Meteora.
- 92% of MELANIA supply is controlled by wallets linked to the team, raising centralization concerns.
Memecoin MELANIA is back in the spotlight. But not because of its price growth, but rather the alleged silent selling action carried out by its development team. Over the past month, the team is said to have sold 23.45 million MELANIA tokens through a one-way liquidity scheme, and pocketed around 110,000 SOL or the equivalent of $14.75 million.
This activity is not immediately visible on the surface, because they use a strategy of injecting and withdrawing liquidity gradually through the Meteora platform. Of course, this is to avoid the alarms that usually appear in large transactions.
Furthermore, on April 19 alone, they were recorded as selling almost 3 million tokens and raking in around $1.2 million. Three days earlier, around 7.6 million tokens were also released. This is not just a coincidence.
Transactions like this are often an indication of a “slow rug pull” or a slow withdrawal of funds before the project is abandoned. If we were to compare it, it would be like a neighbor stealing your yard little by little every night until you realize that your house is only half empty.
7 小时前，又有 295 万枚 $MELANIA 被项目方以添加单边流动性的形式出售成 9,009 枚 SOL ($1.2M)。
过去 3 天里，$MELANIA 项目方继续从流动性跟社区地址转出 764.3 万枚 $MELANIA ($3.21M)，然后在 Meteora 上添加到 MELANIA/SOL 单边流动性，将 $MELANIA 在设定区间出售成 SOL。
其中 295 万枚… https://t.co/DCOMFOsGfz pic.twitter.com/zL2rIeTqOB— 余烬 (@EmberCN) April 19, 2025
Linked Wallets Reveal Coordinated Token Dumping
It’s not just suspicious transactions that have raised eyebrows in the community. On April 7, 2025, Bubblemaps reported that around 50 million MELANIA tokens worth $30 million were transferred from the community wallet for no apparent reason.
No announcement, no clarification. As if the funds were not public property from the start. And what makes it even hotter, the wallet involved in the launch of this token is known to have a direct connection to the launch of the LIBRA token a few months earlier.
At that time, renowned on-chain analyst CoffeeZilla together with Bubblemaps revealed that the same wallet was used in the launch of both tokens.
CNF even highlighted a similar pattern between LIBRA and MELANIA: rising drastically, then plummeting while the team secretly emptied liquidity. Just imagine if you bought a token because you believed in its brand, but it turned out that behind the scenes were old players with old patterns.
No Answers as MELANIA Keeps Crashing
The name of Hayden Davis, CEO of Kelsier Ventures, also resurfaced. He admitted to having withdrawn $2 million from the MELANIA liquidity pool, then sent $1 million to the exchange. How? A one-way liquidity strategy, the same technique the MELANIA team is currently using.
Davis was also caught up in the LIBRA token controversy before. His footprints were like shoe prints on a wet floor—it was clear where he was going.
Now, MELANIA is down 97% from its January peak. And while retail investors wonder what happened, the development team remains tight-lipped. No statements. No recovery plan. Just a token that is almost worthless and public trust is dwindling. It feels like being left on a highway in the middle of the night—dark, lonely, and with no signposts.
