Wallets Tied to Melania Trump Meme Coin Airdropped $1.2 Million in Meteora Tokens

Two wallets linked to the first appearance of the Melania Trump meme coin pocketed $1.2 million from a Meteora airdrop on Thursday, sparking fresh concern among many crypto market watchers as the former head of the Meteora project faces a class-action lawsuit related to the token.

Wallets named as melania-liquidity1.sol and melania-liquidity2.solaccording to SolScan, it received $784,200 and $454,724 in MET tokens on Thursday—a total of $1.23 million. Both wallets are marked as part of the official Melania Meme entity on the data platform Arkham Intelligence. Wallets immediately sent funds to different addresses.

“Why is Hayden Davis getting a MET airdrop? You’ve got to be kidding me,” user published on Xreferring to the CEO of Kelsier Ventures, which helped launch MELANIA.

Co-host Meteora Soju push back pointing out that the launch LIBRA wallets will not receive any tokens, just an hour before MELANIA-related wallets received MET.

The episode comes just a day after Meteora co-founder Benjamin Chow appointed by the investorin a new court filing, as the mastermind behind a “scam coin” operation involving at least 15 tokens, with the help of Kelsier Ventures. These tokens included the high profile tokens MELANIA, LIBRA and ENRON which crashed shortly after launch.

While operating under the Meteora name, the operation operated separately from Meteora’s legitimate automated market maker business, the filing said. Chow is also no longer in the role of host at Meteora.

Just two days after President Trump unveiled his meme coin in January, First Lady Melania Trump promoted Saltworks meme coin that uses her name for a ticker. The MELANIA token quickly rose to a market cap of nearly $7 billion before plummeting 99% to $80 million in the coming months.

When Argentine President Javier Milei promoted a similarly failed meme coin in February, an on-chain analytics company Bubblemaps connected with MELANIA, resulting in a class-action lawsuit for fraud and racketeering.

Chow resigned from his leadership role at Meteora shortly after, with the Meow co-founder citing a “lack of judgment and concern”. In court filings, the investors alleged that Chow played a central role in orchestrating the launches of MELANIA and LIBRA, among others.

Soju he said that Meteora worked with the detective on the chain Detective and anti-fraud tool Rug check to “ensure that no tokens go to malicious bad actors.” Wallets linked to Melania appear to have slipped through the cracks.

Soju, Meteora, Detective and Rugcheck did not immediately respond Decipherrequest for comment.

The launch of the Meteor token was praised by release from the air recipients WHO recorded smooth application process—as well as the size of their bags. MET is now the 269th largest cryptocurrency by market capitalization at $263.2 million, according to CoinGecko.

But others are bothered that Meteora also sent a large airdrop to three wallets associated with President Trump’s coin meme team. According to Arkham Intelligencethose wallets were among the top five airdrop recipients with $4.2 million in MET. All addresses have stored tokens on OKX, making it impossible for observers to track their movements on the chain.

While President Trump’s meme coin has not been the subject of class-action fraud lawsuits, it has been embroiled in political drama — with allegations of conflicts of interest and potential foreign influence.

Kyle Trimble, head of business development at crypto research firm Delphi Digital, wrote on X“that lawsuit will disappear [real quick] innit.”