Melania Trump has relaunched her cryptocurrency token, MELANIA, with a new AI-generated promotional video — reigniting both public interest and controversy. While the announcement briefly boosted the coin’s price, critics warn that the project’s lack of transparency continues to raise serious concerns.
Built on the Solana blockchain, MELANIA is currently trading between $0.17 and $0.18, with a market capitalization in the low hundreds of millions, according to CoinMarketCap. This marks a dramatic fall from its all-time high of $13.73, representing a loss of nearly 98% of its value.
Following the relaunch, the token’s price rose about 7%, though analysts dismissed the rally as short-term hype rather than a genuine recovery. They noted that the relaunch did not address allegations of undisclosed multi-million-dollar token sales linked to team-controlled wallets.
Hidden Sales and Insider Activity
Blockchain analysis platforms such as Bubblemaps have revealed that roughly $30 million worth of MELANIA tokens were quietly sold from wallets previously labeled as “community funds.” These transactions were never publicly disclosed, fueling suspicion of insider profit-taking before the token’s collapse.
Some crypto investigators have also linked the project to Hayden Davis, a figure associated with several other meme-coin ventures and related controversies. Analysts warn that the concentration of MELANIA tokens in a handful of project-linked wallets gives a small group disproportionate control over the coin’s market price.
Political and Regulatory Concerns
The coin’s relaunch has also drawn political scrutiny in the United States. Democratic lawmakers have urged financial regulators to investigate potential conflicts of interest, noting that both Melania Trump and former President Donald Trump have launched meme coins while maintaining public influence.
Hype vs. Substance
Critics of meme coins argue that such tokens often rely on celebrity promotion and social media buzz rather than genuine utility or economic value. This makes them vulnerable to sharp price swings and potential “pump-and-dump” manipulation schemes.
As MELANIA attempts a comeback, market observers say its future will depend on whether the project embraces transparency and clear governance — or remains another example of the volatile, celebrity-driven crypto trend.
Source:Africa Publicity
