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- Hayden Davis reportedly sold over $3 million in MELANIA tokens, echoing the LIBRA scandal.
- Blockchain firm Bubblemaps reveals a new MELANIA liquidity pool linked to potential market manipulation.
- Over 246,000 MELANIA holders face uncertainty as sell-offs continue and token value steadily declines.
Blockchain analytics firm Bubblemaps exposes new evidence of questionable transactions targeting Hayden Davis after his release of MELANIA and LIBRA tokens gained widespread criticism. The blockchain analytical company Bubblemaps established that Hayden Davis subsequently cashed out more than $3 million during MELANIA token deals across centralized platforms and liquidity resources.
Experimental data from Bubblemaps suggests that Davis activated MELANIA token transfers about 12 days ago when his wallets had stayed inactive for multiple weeks. The exchange platforms Kraken and MEXC received $1.06 million worth of tokens through transaction channels. Investors and analysts have expressed new worries after learning that liquidity pools released over $2.05 million.
The actions resemble those made during the LIBRA token incident involving Davis, resulting in substantial financial losses across all investor positions. Tests conducted by analysts show that the LIBRA incident utilized one-sided liquidity pools that share mechanics similar to the current MELANIA exploit. Blockchain experts have confirmed that MELANIA uses the same deception technique applied to LIBRA.
Davis and his associates collected over $100 million from MELANIA and LIBRA through potentially fraudulent means. An analysis by Bubblemaps and the online investigator Coffeezilla previously published their findings about these investigations. The accounts show that the token architecture was designed to benefit initial participants, leaving regular investors vulnerable to fast market drops.
A fresh liquidity pool materializes during network-wide market anxiety
A new MELANIA liquidity pool received $450,000 worth of funds after recent market turmoil. Bubblemaps quickly detected the MELANIA pool during the launch phase, validating that it serves as a mechanism to assist in organized token sales. The new pool begins operations within a period where the market forces reduce token value.
MELANIA underwent significant price devaluation, which decreased its value from $0.70 to $0.63 on March 28 before inflicting substantial drops across various platforms. The fast decline in price levels intensifies uncertainties among users who aim to preserve the stability of token value. MELANIA achieved its maximum price of $13.73, and the market sentiment now predicts further devaluation of its value.
The current holder base of MELANIA consists of 246,000 users who face numerous challenges when attempting to sell their tokens. The falling liquidity levels among investors who continue selling tokens lead to market depth decline along with subsequent price reductions.
Since the TRUMP token demonstrated success, politicians used this strategy to create numerous meme coins, which increased in popularity during this controversy; in January 2025, the token value experienced a substantial boost, triggering numerous politically associated cryptocurrency projects. Within one day after MELANIA launched, it became the most volatile trading token yet maintained its market dominance.
Hayden Davis’s recent behaviors have revealed transparency problems within meme coins designed by political figures. Stakeholders, including regulators, monitor this situation because they actively observe ongoing investigations while monitoring its developments.
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