The launch of the $MELANIA meme coin has sparked ethical concerns in the cryptocurrency market, fueled by insider trading activities and prominent figures’ involvement. 1. Publicly announced on January 19, 2025, Melania Trump, former First Lady of the United States, became the face of this coin, with her name contributing significantly to public interest. However, investigations revealed suspicious pre-launch token purchases by individuals with connections to the development team, raising questions about their intentions and motivations. Blockchain analytics further highlighted these irregular activities. Despite increasing scrutiny, the development team has remained silent, adding fuel to the growing skepticism surrounding this launch. 2. The Solana blockchain network experienced significant congestion due to increased traffic related to the $MELANIA coin’s introduction. This led to transaction delays and operational problems for various platforms, including Phantom and Coinbase. 3. The sudden rise in cryptocurrency prices following the $MELANIA coin launch raised concerns about potential conflicts of interest. Market speculation and insider trading activities resulted in nearly $100 million in profits. Notably, algorithmic wallet activity emerged as a prominent pattern indicating deliberate pre-determined involvement. These developments have fueled debate regarding ethical standards within the cryptocurrency market and whether political figures’ involvement should be regulated to prevent potential financial improprieties. Regulatory experts like Tim Massad, former Chairman of the Commodity Futures Trading Commission (CFTC), voiced their concerns, advocating for greater transparency and stricter rules on interactions between political influence and crypto markets. 4. CFTC Chair’s Call for Transparency: The increasing prominence of memecoin projects with public figures at their center has brought attention to potential conflicts of interest. Tim Massad, former chairman of the CFTC, emphasized the importance of regulating this dynamic to prevent misuse and ensure ethical practices in the crypto market.