Melania Trump’s Memecoin Promotion Faces Scrutiny Amid Team Token Sales and Market Volatility

Former First Lady Melania Trump has drawn attention in the cryptocurrency space with her promotional efforts for the MELANIA token. The digital asset, which gained initial traction through her public endorsements, now faces investor concerns following reports of substantial token sales by project team members. Market data indicates approximately $10 million worth of tokens were liquidated by insiders, coinciding with a dramatic 98% decline in the token’s market value. Industry analysts note that such volatility highlights the speculative nature of memecoins and underscores the importance of transparent project governance. While the token initially benefited from high-profile promotion, the recent developments have prompted discussions about accountability in cryptocurrency projects associated with public figures. Market observers continue to monitor the situation as investors assess the long-term viability of celebrity-backed digital assets amid evolving regulatory landscapes.