$MELANIA token
A Solana memecoin announced by Melania Trump on Jan 19, 2025. Per FT analysis, ~24 wallets bought in minutes before the public announcement and netted ~$99.6M as retail piled in; the token then fell 95%+. Early buys were traced to wallets linked to $LIBRA figure Hayden Davis. No charges have been filed.
Also known as: MELANIA, $MELANIA, MKT World
Note: This entry documents reported controversy and a private class-action allegation with attribution. No criminal charges have been filed against Melania Trump, and "scam" remains a contested characterization. It is not a finding of guilt.
Summary
$MELANIA is a Solana memecoin announced by Melania Trump on January 19, 2025, two days after $TRUMP. [1][3]
Pre-launch / insider trading concerns
A Financial Times analysis (using Bubblemaps), reported by CryptoSlate and others, found that about two dozen wallets bought roughly $2.6 million of MELANIA in the minutes before the public announcement and netted nearly $99.6 million as retail buying surged; one wallet reportedly turned about $681,000 into tens of millions within days. The token subsequently fell more than 95% from its peak. [1][2][3]
Links to the $LIBRA actor
The FT traced early purchases to wallets connected to ventures linked to Hayden Davis — the figure also tied to the $LIBRA token. Davis denied that the MELANIA team profited, stating: "There was no money made from the Melania team. Zero." Organizers, operating through Delaware-based MKT World LLC, reportedly withdrew about $64.7 million in primary sales and fees. [1]
Status
A class action filed in 2025 alleges a pump-and-dump scheme; because memecoins are generally not regulated as securities, such trades may not fall under insider-trading law. No charges have been filed. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
People & entities involved
Sources (3)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
$TRUMP tokenMarket manipulationA Solana memecoin launched days before Donald Trump's second inauguration (Jan 2025). Trump-linked entities hold 80% of supply and earned $320M+ in fees while ~760,000 mostly-retail wallets lost money; a 'dinner with the president' promotion for top holders drew conflict-of-interest scrutiny. The 'scam' label is contested and no charges have been filed.
This page was last updated on Jun 30, 2026. View revision history.