If you’ve ever woken up and thought, “Today seems like a splendid day for a meme coin-related existential crisis,” you’re in luck! The shadowy overlords behind MELANIA—yes, that MELANIA, the meme coin named in honor of everyone’s favorite poker-faced former First Lady—decided to quietly withdraw $1 million worth of digital funny-money from the Meteora liquidity pools on Solana. (Presumably, actual meteors were not harmed in the process.)
Investigators from Arkham (not the asylum, but their paperwork is equally confusing) noticed the MELANIA folks snuck their $1M stash out and waltzed it into a shiny new wallet. People aren’t sure if this is business as usual, or just the universe’s way of reminding us that the blockchain is basically outer space: no one can hear you scream.
MELANIA TEAM MOVING $1M MELANIA
Rumor has it, every time they perform this hocus-pocus, they dump coins using Jupiter’s DCA—because if you’re going to sell out, it may as well sound celestial—then funnel the proceeds (now in trusty SOL) into MEXC, possibly for a warm beach holiday or maybe just to annoy everyone still holding MELANIA tokens.
— Arkham (@arkham), who is definitely watching the skies, April 29, 2025
Not to fan the already-scorching flames of speculation, but just yesterday, the team did nearly the exact thing, moving $1.5 million with the same dollar-cost-averaging voodoo. This, naturally, had the market clutching its pearls and bracing for the next episode of “Will My Portfolio Ever Recover?”
Speaking of value, MELANIA now trades at $0.4292—a perfectly respectable price for a digital image that evokes the spirit of Slightly Concerned Nobility. Its market cap sits just shy of $236 million, although the price recently tumbled over 3.35% in a single day. Coincidence? Or did the team blink and the price dropped in empathy?
Meteora, that haven of liquidity innovation, offers Dynamic AMM Pools (which, despite the intimidating buzzwords, mainly serve to mystify your average holder and justify service fees). These pools, in principle, allow for smart shuffling of money, like musical chairs with more anxiety and zero music.
As it stands, the Melania team’s recurring withdrawals have left the community oscillating somewhere between “that’s just crypto for you” and “has anyone checked on my blood pressure?” Some interpret this as big-brain profit-taking—“Taking profits has never bankrupted anyone,” chirped one optimist—while others are busy revising their LinkedIn profiles to “former meme coin enthusiast.”
In short: welcome to the wild frontier of meme coins, where fortunes rise and fall on the whims of anonymous teams, Twitter threads double as therapy sessions, and everyone could use a nice cup of tea and a long lie-down. ☕🚀
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2025-04-29 22:29