MELANIA token suffers 97% crash amid allegations of insider dumping and market manipulation 

The token’s decline, which began after Donald Trump’s inauguration in January 2025, has raised serious concerns about insider activities and potential market manipulation within the project.

The crash appears to have been fueled by repeated heavy sell-offs linked to wallets associated with the MELANIA team.

On April 19, on-chain analyst EmberCN reported that nearly three million MELANIA tokens were offloaded by wallets tied to the project.

According to EmberCN, the MELANIA project team has sold over 23 million tokens, valued at approximately $14.75 million, in the past month alone.

Further analysis from Bubblemaps revealed that wallets associated with the MELANIA team control approximately 92% of the token’s total supply. Critics argue that such a high degree of centralization raises serious concerns about market manipulation and a lack of transparency.

The allegations and insider activity have weighed heavily on MELANIA’s market performance.

The team has also defended its refusal to cooperate with Bybit, citing past reputational attacks, and criticized the broader crypto industry for “elitist policies” that they say undermine privacy-focused exchanges like MELANIA.

In January, Melania Trump launched a cryptocurrency on the eve of her husband’s inauguration as U.S president.

The case also highlights ongoing debates about the balance between privacy and regulatory compliance in the industry.

As criticism mounts, the MELANIA team’s practices continue to fuel discussions about ethics, trust, and the need for robust safeguards in the volatile cryptocurrency ecosystem.