Melania Trump has re-emerged to support her meme coin, MelaniaMeme (MELANIA), after a long break from the public conversation around her cryptocurrency project.
Her latest promotion came in the form of a video created using artificial intelligence (AI), in which she described the token as a step “into the future”. The post tagged the official account of the meme coin on X.
The timing of Melania’s return coincides with ongoing concerns about recent activity involving wallets associated with the project team.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What are Stablecoins, Altcoins & Wrapped Coins Explained!
Blockchain monitoring groups noted that her post did not mention any of the unresolved questions about large sums of MELANIA tokens being moved and sold.
According to data shared by Bubblemaps, a platform that tracks blockchain transactions, around $30 million worth of community-held tokens were transferred from team wallets on April 7.
These tokens were reportedly sold without explanation to the public. Later in April, an additional $1.5 million in tokens was sold over a three-day period, following a 21% price increase.
Lookonchain stated in a post on X that this pattern of sales suggests the team may be using a common trading method known as dollar-cost averaging (DCA). This approach involves buying or selling fixed amounts of an asset at regular intervals, typically to mitigate the impact of market fluctuations.
Recently, California Governor Gavin Newsom announced plans to launch a meme coin called the “Trump Corruption Coin”. What did he say? Read the full story.
