- Hayden Davis’s team exchanged 13 million MELANIA tokens for SOL.
- MELANIA’s value dropped by 11.29% amid transparency concerns.
- Parallels to past market crashes increase suspicion of manipulation.
Hayden Davis’s unnamed team reportedly exchanged 13 million MELANIA tokens for 60,304 SOL, totaling around $8.02 million, as reported by PANews via Lookonchain on April 17, 2025.
The absence of commentary from the Melania entities during significant market activities raises transparency issues.
Melania Token Drop Spurs Market Concerns
Blockchain analytics platform Lookonchain indicates tactical liquidity addition and removal across multiple wallets in this sale. The transactions were attributed to Hayden Davis’s team, who holds 92% of MELANIA’s supply. The token saw an 11.29% drop in value, as speculation of insider involvement stirred market dynamics.
The sales drove MELANIA’s price down, with the value falling from $0.62 to $0.55 as the transaction occurred. This increased trading volume by 30% and 45% for MELANIA and MELANIA/SOL pairs, respectively, reflecting heightened market activities.
The community’s response has been intense, with discontent expressed over the team’s large control and the absence of official communication. Bubblemaps raised concerns, questioning, “If it’s the team behind it, why stay silent?” Analysts and community members actively discuss liquidity manipulation potential.
No one from the MELANIA team has addressed this. Not the movements. Not the selling. If it’s the team behind it, why stay silent? If it’s Hayden Davis, why hasn’t anyone stepped in?
Parallels to Past Crashes Heighten Suspicion
Did you know? In 2021, the infamous Squid Game token collapse saw a massive exit causing a swift downfall, drawing parallels to MELANIA’s centralized dominance and perceived manipulation.
CoinMarketCap data reflects MELANIA priced at $0.42 with a market cap of approximately $227.28 million. Its 24-hour trading volume reached $18.48 million, undergoing a 40.17% increase. Price trajectories marked a 14.77% drop over the past week, with a significant 94.29% fall since last quarter.
Coincu analysts observe that regulatory probes might intensify in such cases, with calls for evidence and transparency. They underline the risk of increased intervention by authorities if imbalances persist, potentially redirecting market stability efforts in decentralized finance spaces.
Source: https://coincu.com/332780-melania-team-token-sell-8m-sol/