🟡The meme coin MELANIA has landed in hot water after the project team withdrew over 82 million tokens — more than 8% of the total supply. According to Lookonchain, assets worth around $35.7 million were offloaded through 44 wallets, not via the open market, but through liquidity manipulation. This triggered a dramatic price collapse of 98%, from $13.73 to $0.20.
🟡Analysts at Bubblemaps warn that over 90% of the token supply remains under insider control, further eroding trust in the project. The situation has also heightened political concerns — U.S. senators previously voiced alarm over the connection between meme coins MELANIA and TRUMP and the potential involvement of Donald Trump’s family.