Propose an edit: Melania

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

Melania (MELANIA) is a meme coin on the [[Solana]] blockchain launched on January 19, 2025, by First Lady Melania Trump, one day before the presidential inauguration and two days after [[Official Trump]]. Its launch is widely blamed for popping the Trump coin bubble, and its aftermath produced fraud allegations against people involved in its market operations.

## Origin

The token was announced on Melania Trump's X account while TRUMP was still surging. The launch was read by traders as a signal that the family would issue tokens serially, undermining the scarcity premise of the first coin; TRUMP fell roughly 40 percent around the MELANIA debut.

## Market history

MELANIA spiked to an all time high around 13 to 14 dollars within hours of launch, a market capitalization above 2 billion dollars, then collapsed by more than 75 percent within days, stabilizing near 3.40 dollars by January 23, 2025. The decline continued through 2025, with the token down about 98 percent from launch by late in the year.

## Allegations and investigations

Analyses and lawsuits alleged that the launch was exploited by insiders. Reporting on onchain data described a group of 24 wallets that bought about 2.6 million dollars of MELANIA before the public announcement and flipped it for roughly 100 million dollars. A class action and subsequent reporting alleged that Hayden Davis of Kelsier Ventures, who said he had worked on the MELANIA launch, and market maker figures conspired in pump and dump patterns across multiple coins including MELANIA; Davis's role became central after the [[LIBRA]] scandal weeks later, in which he was also a key figure. In October 2025 press coverage described lawsuits accusing the coin's creators of fraud as its value sank. These are allegations from litigation and journalism; no findings against Melania Trump personally have been reported.

## Cultural impact

MELANIA functions in trench lore as the sequel that killed the franchise: the moment serial [[celebrity coin]] issuance revealed the extractive ceiling of the political meme trade. The pairing of TRUMP and MELANIA charts is the standard illustration of January 2025's liquidity drain, and the Davis connection made MELANIA the narrative bridge between the White House coins and Argentina's LIBRA disaster in [[the trenches]].

## References

- https://www.financemagnates.com/trending/melania-trump-meme-coin-a-98-crash-and-the-pump-and-dump-party/
- https://www.commondreams.org/news/melania-meme-coin-lawsuit
- https://rollingout.com/2025/10/27/melania-trump-cryptocurrency-lawsuit/
- https://www.business-standard.com/markets/cryptocurrency/donald-trump-meme-coin-melania-trump-crypto-debut-125012000250_1.html
- https://www.coindesk.com/business/2025/02/18/libra-token-s-co-creator-bragged-of-sending-money-to-argentine-president-milei-s-sister

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