Melania Trump Meme Coin Under Fire Amid $1.2M Airdrop Dispute
Two wallets linked to the launch of the Melania Trump meme coin (MELANIA) have reportedly received $1.23 million worth of MET tokens during Meteora’s latest airdrop, sparking new controversy around the project’s connections to ongoing legal disputes.
Suspicious Airdrop Raises Eyebrows
According to blockchain data from SolScan, wallets labeled melania-liquidity1.sol and melania-liquidity2.sol received $784,200 and $454,724 in MET tokens respectively. Both wallets, identified by Arkham Intelligence as part of the Official Melania Meme entity, transferred the funds almost immediately after receiving them.
The airdrop distribution drew sharp criticism from users on social media. One post on X questioned, “Why is Hayden Davis getting a MET airdrop? You have to be kidding me,” referring to the CEO of Kelsier Ventures, the firm that helped launch MELANIA. Meteora co-lead Soju responded that LIBRA launch wallets were excluded from receiving tokens—just an hour before the Melania-linked wallets were credited.
everyone thank meteora for giving hayden davis another $1,500,000
melania wallets cashed out thru OKX https://t.co/MeevPZEwmj pic.twitter.com/VeI1Yq1ELJ— bozo ✞ (@retardmode) October 23, 2025Browse Posts
Legal Clouds Over Meteora and Affiliates
The controversy follows a lawsuit naming Meteora co-founder Benjamin Chow as the alleged mastermind behind a “scam coin” operation involving at least 15 tokens, including MELANIA, LIBRA, and ENRON, all of which collapsed shortly after launch. Court filings claim Chow and his partners at Kelsier Ventures used the “Meteora” brand while operating independently from the company’s legitimate decentralized exchange platform.
After similar meme coin promotions tied to public figures like Javier Milei also crashed, on-chain firm Bubblemaps linked them back to the MELANIA token, fueling accusations of fraud and racketeering.
In response, Soju stated that Meteora had partnered with Dethective and Rugcheck to “ensure no tokens go towards malicious bad actors,” but admitted that the Melania-linked wallets appear to have “slipped through the cracks.”
