After months of silence, the First Girl promoted her Solana-based MELANIA meme coin in a brand new AI video.
Regardless of a short worth spike, the token continues to endure a 98% collapse from its all-time excessive in January. Trump additionally continues to face backlash over the $10 million value of neighborhood tokens bought by group wallets.
Sponsored
Sponsored
New MELANIA AI Put up Sparks Buying and selling
Trump promoted her namesake meme coin this week on X by posting an AI-generated video. The submit was captioned “Into the Future” and tagged the coin’s official account.
The social media submit was a shock, reactivating an account that hasn’t uploaded something since June. This sudden transfer triggered a worth spike for the token, inflicting it to leap from $0.16 to $0.19 earlier than dropping again down. On the time of writing, the MELANIA token is buying and selling at $0.18, in response to CoinGecko.
Nevertheless, the submit conspicuously lacked any remark from Trump addressing the tens of millions of {dollars} in token gross sales earlier this yr.
Crypto Analysts Increase Crimson Flags
In April, the MELANIA undertaking moved and bought over $30 million value of neighborhood tokens with out clarification, based mostly on on-chain knowledge tracked by Bubblemaps. The platform additionally highlighted that $10 million value of tokens had been faraway from neighborhood swimming pools and bought.
Sponsored
Sponsored
This lack of communication drew criticism from analysts who argued the undertaking lacked transparency.
“Melania Trump won’t address the $10M of community tokens sold by team wallets. Just post an AI video after 10 months of silence,” Bubblemaps wrote in a social media submit as we speak.
In a separate occasion recorded that very same month, the MELANIA undertaking group systematically bought over $1.5 million in tokens throughout three days, capitalizing on a short 21% worth restoration. They used a maneuver much like a Greenback-Price Averaging (DCA) technique, conducting small, staggered gross sales relatively than a single huge dump.
This calculated method allowed the group to dump lots of their holdings, generate constant promoting strain on the token, and mitigate the danger of triggering an instantaneous, catastrophic worth crash.
Controversy Over Presidential Tokens
Trump famously launched her meme coin on the eve of Donald Trump’s presidential inauguration. The token shortly surged, reaching a peak of $13.73 earlier than crashing. Its worth by no means recovered.
The MELANIA token launch shortly adopted the one launched by the President himself. Not like MELANIA, TRUMP had extra durations of success. The token skilled worth surges following key coverage bulletins.
The TRUMP token has additionally confronted vital public criticism, primarily pushed by accusations of market manipulation.
The controversy peaked in Could when the President invited the highest 220 token holders to an unique dinner at his Virginia golf membership. Critics closely scrutinized the occasion, arguing it was an inappropriate use of public workplace for personal monetary acquire, particularly for the reason that occasion’s publicity additionally elevated the token’s worth.
