According to the blockchain analysis company Bubblemaps, the team of MELANIA, a meme coin associated with U.S. First Lady Melania Trump, has "quietly sold" tokens worth $30 million.
On April 7th, Bubblemaps stated on platform X that 50 million MELANIA tokens worth about $30 million were "transferred out of the community fund and are currently being quietly sold without any explanation from the team."
In addition, these tokens were transferred to a single wallet and then "dispersed to multiple addresses." Among them, tokens worth $3 million were transferred to exchanges; two new positions each valued at $6 million were opened; and MELANIA tokens worth $500 thousand have been sold.