The Melania memecoin is facing intense scrutiny after blockchain analytics firm Bubblemaps reported that team members quietly siphoned $30 million from the community fund. MELANIA is now trading over 90% below its peak, with insiders dumping tokens and manipulating liquidity. Bubblemaps recently reported a $2 million withdrawal from MELANIA’s liquidity pools, attributing $1 million in exchange transfers to Hayden Davis. The software company suggested Davis exploited a recent lull in attention to discreetly transfer funds. Bubblemaps warned that recent MELANIA token sales are alarming due to team-linked wallets controlling over 90% of the supply.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Melania Meme Corp is facing intense scrutiny after blockchain analytics firm Bubble Maps
00:07reported that team members quietly siphoned $30 million from the community fund.
00:12Melania is now trading over 90% below its peak with insiders numbing tokens and manipulating
00:16liquidity. Bubble Maps recently reported a $2 million withdrawal from Melania's liquidity pools,
00:21attributing $1 million in exchange transfers to Hayden Davis. Software companies suggested
00:27Davis exploited a recent lull in attention to discreetly transfer funds. Bubble Maps warned
00:32that recent Melania token sales are alarming due to Team Link wallets controlling over 90%
00:37of the supply.
00:38For all things money, visit Benzinga.com slash GSTV.