Melania Trump’s memecoin team ‘quietly sold’ $30M, says Bubblemaps

The team behind US first lady Melania Trump’s memecoin, Melania Meme (MELANIA), has moved $30 million worth of the token out of the project’s community funds and has begun selling them, says blockchain analytics firm Bubblemaps. Bubblemaps said in an April 7 X post that 50 million MELANIA tokens worth around $30 million “was moved from community funds — and is now being quietly sold, with no explanation from the team. ”It added the tokens were moved to a single wallet before being “split across multiple addresses. ” From there, Bubblemaps said $3 million worth were transferred to exchanges, two new $6 million positions were opened, and $500,000 worth of MELANIA was sold source: https://cointelegraph.com/news/melania-trump-memecoin-team-sold-30-million-bubblemaps?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound