Secret Scammer Whale Allegedly Selling This Altcoin, Onchain Data Shows

Bubblemaps has revealed that Kelsier founder Hayden Davis is still actively selling $MELANIA tokens.

Over the past 14 days, Davis has transferred approximately $1,065,153 worth of $MELANIA to centralized exchanges while withdrawing $2,050,666 from the liquidity pool. Despite these sales, there are still significant amounts of $MELANIA in his various wallets that have not yet been liquidated.

This development follows previous claims by Solayer developer Chaofan Shou, who alleged that a scam group was behind the launch of the LIBRA token. According to Shou, the token was launched through issuance advisor Hayden Mark Davis of Kelsier Ventures, with market making outsourced to an Indian company. Shou also claimed that Kelsier Ventures and its market making partner were key figures behind a number of tokens, including $MELANIA, ENRON, BOB, RAG, M3M3, and OGME, some of which have ties to First Lady Melania Trump.

Meanwhile, a major whale has suffered significant losses while trading $TRUMP tokens. On-chain data shows that five hours ago, the wallet tagged ‘EwkH5’ traded 700,000 $TRUMP for $7.58 million, losing $2.58 million on the transaction. This wasn’t the whale’s first misstep; previous trades on $TRUMP collectively resulted in an estimated loss of $10.73 million.

*This is not investment advice.