MELANIA Token Implodes: Is Hayden Davis Behind Another Rug Pull?

MELANIA Token Implodes: Is Hayden Davis Behind Another Rug Pull? 🤯

Hayden Davis, the crypto figure behind tokens like MELANIA and LIBRA, is once again at the center of a storm. Blockchain analytics firm Bubblemaps has revealed that Davis has been frantically selling MELANIA tokens over the past 14 days, dumping a whopping $1.06 million worth of tokens onto centralized exchanges while also withdrawing over $2.05 million from liquidity pools. The pattern is eerily similar to what happened with LIBRA, another project linked to Davis.

Meme Horror Continues…

1/ Hayden Davis is STILL selling MELANIA

He recently sent $1M to exchanges and extracted over $2M from the liquidity pools

— Bubblemaps (@bubblemaps) March 28, 2025

Crypto Investigator Bubblemaps, a well-known blockchain analytics platform, has exposed how Davis and his team have already cashed out over $100 million from MELANIA and LIBRA using questionable tactics. In collaboration with Coffeezilla, Bubblemaps previously exposed how these tokens were created to make quick profits rather than build long-term projects.

For weeks, Davis’s MELANIA wallets were inactive, but about 12 days ago, he began covertly selling tokens using a one-sided liquidity setup, a trick also used with LIBRA. Millions of tokens were also sent to centralized exchanges like Kraken and MEXC, likely to be sold off.

More Liquidity Drained from MELANIA

New $MELANIA liquidity pool with 450k to cashout.

16 Minutes ago.

The pool is:
• single sided again (of course)
• one bin step (basically for selling at a specific price)

Hayden Davis is not stopping.

— dethective (@dethective) March 29, 2025

Soon after this breakout, new reports show a fresh MELANIA liquidity pool with $450K available for cashing out. This setup, detected just minutes after its creation, is designed for selling at a specific price. This suggests that Davis is still actively trying to pull funds out of the token, causing more instability in the market.

As of March 28, constant sell orders kept pushing MELANIA’s price down. It dropped from $0.70 to $0.63 in just a few days, with even lower prices on some exchanges. It once peaked at $13.73 but has since lost billions in value. While there’s still some money left in the market, many of its 246,375 holders might struggle to sell before prices drop even more.

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Political Memecoins- A Warning Sign?

The rise of Trump-themed meme coins set the stage for this kind of crypto activity. On January 18, 2025, Donald Trump launched his own memecoin, TRUMP, which skyrocketed from a few cents to an all-time high of $72.68. The hype led to billions in trading volume and opened the door for more political meme tokens.

Melania Trump launched MELANIA the next day, but it was seen as a pump-and-dump scheme. Most of the supply was held by a few wallets, and a presale wallet quickly sold off 10%. The same pattern repeated with LIBRA on a larger scale.

What’s Next?

With Davis continuing to sell, MELANIA’s price could drop even further. The situation shows the risks of investing in political memecoins, which often face price swings, liquidity problems, and possible regulatory crackdowns. Investors should be cautious.

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FAQs

Who is Hayden Davis in the crypto world?

Hayden Davis is a controversial crypto figure linked to tokens like MELANIA and LIBRA, both of which faced liquidity issues and allegations of market manipulation.

Is MELANIA token a scam?

Reports suggest MELANIA follows a “pump-and-dump” model, where early holders cash out large amounts, leaving later investors with depreciating assets.

What happened to the LIBRA token?

LIBRA, another project linked to Davis, saw a massive liquidity drain, leading to price crashes and allegations of fraudulent practices by investigators.

2025-03-29 08:45