Blockchain monitoring firm Arkham Intelligence reported a new MELANIA token movement worth $1.87 million on March 19, 2025. The tokens were transferred from a wallet previously identified as an insider wallet to a newly created address.
This movement represents the latest in a series of transfers from project-affiliated wallets. Such wallets have drawn attention from crypto analysts amid growing scrutiny of politically linked meme coins.
Melania Transfer Details and Background
A wallet that previously received 50 million MELANIA tokens (representing 5% of the total supply) from the MELANIA Team has transferred $1.87 million worth of tokens to a fresh wallet.
Arkham Intelligence noted that “prior distributions from this wallet were deposited to Kraken and sold on Meteora.” This suggests an established pattern of token movements from insider wallets to exchanges.
MELANIA operates as a Solana-based meme coin associated with First Lady Melania Trump. Since its launch, the token has achieved $394.82 million in market capitalization, making it one of the more notable political meme coins in crypto.
The Kraken exchange added support for MELANIA trading in January 2024, and trading pairs are available against USD, EUR, USDC, and USDT. This listing on a major exchange increased the token’s liquidity and accessibility. In a separate development, Phantom Wallet users gained the ability to connect to Arkham Intelligence to track their MELANIA holdings and transactions directly on the platform in late 2024.
These integrations across platforms have enhanced the tracking capabilities for MELANIA token holders. Traders can now monitor their holdings while blockchain analysts have improved visibility into token movements across the ecosystem.
Concerns and Market Response
The latest transfer occurs against a backdrop of previous reports about unusual wallet activities involving MELANIA tokens. In February 2025, crypto investigators flagged suspicious transactions linked to wallets associated with both MELANIA and LIBRA meme coins. Blockchain data revealed that these wallets moved large sums of money. The patterns in these transactions raised concerns about potential money laundering.
Blockchain analysis company Bubblemaps discovered connections between the teams behind MELANIA and other meme coins, including LIBRA, TRUST, and VIBES. Their research claimed these teams earned over $100 million through liquidity withdrawals and trading strategies that resembled pump-and-dump mechanisms.
One telling pattern involved wallets buying tokens at high prices and selling at steep losses. Such transaction sequences often alert blockchain analytics firms to potential risks, such as wash trading or attempts to obscure fund origins.
As blockchain transparency tools continue to improve, movements of tokens from project-affiliated wallets face increasing scrutiny.
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