As the stock market took a nosedive following Donald Trump’s tariff announcement, Melania Trump’s meme coin project is catching heat — and not just because of crypto volatility. According to reports, the team behind her token, “MELANIA,” quietly unloaded $30 million worth of the coin while no one was looking — and no one’s offering any answers.
The coin, launched in January 2025 and branded under the former first lady’s name, has been part of the wild world of meme coins — where hype, not fundamentals, drives price. But the sell-off, flagged by blockchain analytics firm Bubblemaps, has raised eyebrows across the crypto community.
On April 7, Bubblemaps posted on X, “Huge sell-offs on $MELANIA. $30M was moved from community funds — and is now being quietly sold, with no explanation from the team.”
They followed up with more pointed questions: “No one from the MELANIA team has addressed this. Not the movements. Not the selling. If it’s the team behind it, why stay silent? If it’s Hayden Davis, why hasn’t anyone stepped in?”
The investigation found that around 50 million MELANIA tokens were transferred to a wallet labeled “Cq2Tj6” and then split up among several other wallets. Of those, over $3 million reportedly landed in centralized exchanges, two positions worth $6 million were newly opened, and half a million dollars’ worth of tokens had already been cashed out.
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The timing couldn’t have been worse — or more suspicious. The crypto move happened just as the stock market reacted to Trump’s latest tariff push. After hinting there wouldn’t be a change, Trump’s surprise decision to slap China with a steep tariff increase sent shockwaves through financial markets.
On Truth Social, Trump declared, “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.”
He later added, “At some point, hopefully, shortly, China will realize that the days of ripping off the USA, and other Countries, is no longer sustainable or acceptable.”
Trump also tried to calm the chaos by announcing a 90-day pause on those same reciprocal tariffs. “Well, I thought that people were jumping a little bit out of line,” he told reporters. “They were getting yippy, you know… unlike these champions, because we have a big job to do.”
The pause came just days after the White House had dismissed any speculation about it happening — making the markets even more jittery.
Meanwhile, Melania’s silence on the $30M token dump has only added fuel to the fire. With no official explanation and millions on the move, crypto-watchers and critics alike are wondering who’s really behind the sell-off — and if the former first lady’s meme coin was always just smoke and mirrors.
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