Melania Controversy: 39% Decline Affects Melania Trump Crypto token as Major Investors Depart
Melania coin is heading for the go to the moon. Oh, hodl on, forget that and flip it. We’re currently facing a Melania controversy involving her cryptocurrency.
MELANIA coin has plummeted by 39% in no time, a decline attributed to LookOnChain’s finding that its officials sold off 8.22% of the token supply for an impressive $35.7 million in Solana (SOL).
Now, concerns regarding transparency and trust have abandoned investors to fend for themselves, amplifying the rising doubts around celebrity-endorsed crypto asset ventures.
Melania Controversy: Insider Sell-offs Crash MELANIA Coin
Why is the first lady betraying her backers? The data indicates that 82.18 million MELANIA tokens were sold across 44 wallets. This united selling inundated the market, driving the price down by 69% over three months. Significantly, MELANIA is now 98.35% below its peak of $13.05, which was reached on January 20, 2025.
Because President Trump is now the dominant crypto proponent globally.
His family manages World Liberty Financial, possesses 60%, and retains 75% of the revenue.
They oversee $TRUMP, $MELANIA coins, and long-term holding nearly 40% of his net worth in cryptocurrency. pic.twitter.com/SgxcnK90QB
— Frank Curzio (@FrankCurzio) June 23, 2025
Sell pressure from insiders was intensified by the token’s current unlock schedule.
With 620 million tokens in circulation out of nearly 1 billion total, unlocks of the remaining 379 million could further exacerbate the price movement.
Can MELANIA Revive?
The staggering crash of Donald Trump’s meme token serves as a fitting analogy here, with its value down nearly 90% from its peak days. Hype has consistently driven celebrity-endorsed tokens, but lacking real utility, they appear doomed to the same erratic fate.
MELANIA’s plunge has highlighted the uneasy relationship between celebrities and crypto asset. Additionally, without concrete use cases, MELANIA exposes investors to the unpredictability of hype-driven markets and insider interference.
Celebrity Meme Coins and a Concerning Trend Following Melania Controversy
MELANIA’s decline reflects Donald Trump’s unfortunate crypto venture, demonstrating that even the first couple can deceive the American public. It’s truly disheartening.
For anyone still considering MELANIA, its price drop and insider-selling allegations are glaring warning signs. Meme coins lacking genuine utility are prone to manipulation. Analysts at 99Bitcoin are advising caution, emphasizing that research is crucial, and only discretionary income should be risked.
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Key Takeaways
- MELANIA token has dropped 39% in record time, a decline tied to LookOnChain’s revelation that its leadership sold 8.22% of the circulating supply for an impressive $35.7 million in Solana (SOL).
- Trump and Melania’s coins resemble failing assets. It’s truly disheartening..
The post Melania Controversy: 39% Drop Hits Melania Trump Coin as Major Holders Exit appeared first on 99Bitcoins.
