Melania Trump’s Meme Coin: The Soft Rug Pull You Didn’t Know You Needed! 😂

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Official Melania Meme 💁‍♀️

MELANIA: $0.51

24h volatility: 0.6%

Market cap: $76.72 M

Vol. 24h: $28.01 M

So, here we are, folks! A meme coin launched by Melania Trump is apparently pulling off soft rug pulls like it’s a new yoga trend. 🧘‍♀️ Some of its top holders are cashing in by selling the liquidity. Because why not? Who needs integrity when you can have a quick buck?

According to the data from Lookonchain (which sounds like a fancy name for a gossip column), eight wallets have sold a whopping 6.72 million MELANIA tokens, raking in $4.2 million by playing a game of add-and-remove liquidity over the last 25 days. Talk about a liquidity limbo! 🎉

The #Melania token team has been offloading $MELANIA through liquidity adds and pulls!

Over the past 25 days, they’ve sold 6.72M $MELANIA for 34,168 $SOL ($4.2M) by adding and removing liquidity across 8 wallets.

Address: 9FfHLRxW8Y1BC2swHXJN7NuRqbdPnTwAJB5bARDbzTEq…

— Lookonchain (@lookonchain) April 10, 2025

Now, let’s do some math, shall we? The amount sold by these eight wallets is over 1.2% of the circulating supply of 539 million MELANIA coins. And guess what? The price is dropping faster than my motivation to go to the gym. 🏋️‍♀️

While we can’t scream “RUG PULL!” just yet, the project’s slow exit strategy is like a warning sign flashing “Caution: Soft Rug Pull Ahead!” 🚧 This involves a charming mix of reduced commitment, radio silence, and a complete lack of updates. Sounds familiar, right?

Speaking of updates, the last time MELANIA graced us with a post on X was nearly two months ago—on Valentine’s Day, no less! 💔 Since then, it’s been crickets.

And here’s the juicy part: In mid-February, Bubblemaps (which sounds like a fun party game) found a connection between MELANIA and LIBRA, a meme coin that’s about as popular as a root canal. Apparently, they’re tied to the same team. LIBRA took a nosedive of 98%, wiping out $4.4 billion in less than 12 hours. Ouch! 😱

Unlike LIBRA, MELANIA had a brief moment of glory, peaking at $13.7 million with a market cap of $2.2 billion right after launch. But soon after, the team decided to cash in, and the price started its downward spiral.

Now, MELANIA is trading at $0.51, which is a staggering 96% down from its all-time high, with a market cap of $270 million. The declining social activity, liquidity sell-off, and consistently falling price suggest that the team behind MELANIA is executing a soft rug pull. Who knew meme coins could be so dramatic? 🎭

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2025-04-10 14:00