Melania Meme Coin Team Makes 9.99M Tokens Vanish in 8 Days—170K SOL and Counting!

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It seems the team behind the illustrious Melania meme coin has once again embarked on an exciting adventure—selling off a staggering 9.99 million $MELANIA tokens, a sum worth a respectable $4.65 million. And all this, mind you, within the past eight days. Truly a feat of financial acumen, if ever there was one. 👏

According to the astute on-chain analyst, Ember CN, these sales were carried out using what they so elegantly describe as “unilateral liquidity and DCA (dollar-cost averaging) methods.” Quite the mouthful, isn’t it? But rest assured, it’s nothing more than a fancy term for a sell-off strategy that has been playing out for well over a month now. How thrilling. 🧐

MELANIA Team Nets 170,000 Solana—A Modest Haul

Since the 16th of March, the team has been steadily transferring a grand total of 41.675 million MELANIA tokens from community and liquidity addresses—no doubt with all the pomp and circumstance that such a transaction deserves—and converting them to Solana (SOL). The end result of this carefully orchestrated effort? A mere 170,000 SOL, worth approximately $23.06 million. That’s right, a tidy little sum. No need to worry, though, they sold each $MELANIA token at a bargain price of just $0.55. 🤑

One might be inclined to wonder what’s next for this team of financial wizards. As it turns out, they’ve thoughtfully converted their SOL into USDC, sending it off to other chains or, in some cases, simply withdrawing it. This isn’t just a random series of transactions, dear reader—it’s a well-thought-out liquidation strategy. Who could argue with such diligence? 🙄

Meanwhile, the MELANIA token itself has been enjoying a rather less-than-stellar performance in the market. Why, just yesterday, it dropped by 5.3%—and that’s not even the worst of it. Over the past seven days, it’s fallen by a heart-wrenching 32.1%, and if you compare that to its peak on January 20th, 2025, it is now 97.1% below its all-time high of $13.05. Quite the dramatic fall, wouldn’t you say? 😬

The token, which once rode the wave of meme coin hype surrounding political figures and the Official Trump (TRUMP) meme coin, now finds itself in a rather precarious position. The consistent sell-offs from the project team have certainly cast doubt on the token’s long-term prospects. One might wonder whether this token’s creators have the commitment to see the project through or if they’re simply cashing in. 🤔

As of the latest update, MELANIA is down another 7.1% in just the past 24 hours. Truly, it seems to be the gift that keeps on giving—or perhaps the gift that keeps on taking. 🎁

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2025-05-03 18:36