MELANIA Hack

The MELANIA memecoin, launched on January 20, 2025, reached a $2 billion market cap within 12 hours, driven by a 25,600% price surge. However, concerns emerged as 90% of the token supply was controlled by a single wallet, raising suspicions of a rug pull. The project’s website was hastily created a day before launch, lacked cybersecurity protections, and showed signs of poor development, leading analysts to doubt its legitimacy.

The MELANIA memecoin launched on January 20, 2025, and rapidly gained attention after being promoted by Melania Trump’s verified X account. The token’s market cap skyrocketed to $2 billion within 12 hours, but concerns soon followed. Blockchain analysis revealed that 90% of the total supply was held in a single wallet, contradicting claims of fair token distribution.

The project’s website was created just a day before launch, lacked basic cybersecurity protections, and contained poorly written code, further raising red flags. Additionally, the creator wallet was linked to pump.fun, a Solana-based memecoin launchpad notorious for speculative and predatory projects. These factors fueled suspicions that the project was designed for insiders to manipulate the price, cash out at the peak, and leave retail investors holding worthless tokens.