MELANIA team tokens worth $39m unlock amidst LIBRA collapse

About 3% of the total Melania Token Supply will start to unlock after February 20. The tokens worth $ 39 million were allocated to the Melania team at the start of the launch.

According to the token allocation rules on the official site10% of the tokens allocated to the team behind the official token of Melania Trump will start to unlock 30 days after its launch date. This 10% consists of around 30 million Melania (Melania) tokens or 3% of the Same corner’s Total supply.

The Token Melania was officially launched on January 20, a few hours before the president’s inauguration Donald Trump. Meanwhile, her husband’s play even was launched earlier during the weekend before her inauguration.

On the basis of the tokens distribution table, 20% of Melania tokens are intended for public distribution, an additional 20% went to the community, 30% in the Treasury, while 30% went to team acquisition .

The acquisition period for tokens allocated by the team begins a month after the launch date, which is then followed by another unlocking period for the remaining 90% of the team tokens which will come out monthly at a rate of 2.25% per month.

The second unlocking period will start the second month after the launch and will continue until the 13th month, by then, all the Melania tokens have unlocked.

The locks of tokens generally point out an increase in the food in the circulation of the token, which could potentially lead to an increase in sales pressure and price volatility. If the team decides to sell 3% of the detained tokens immediately, the price of the token could suffer from downward pressure.

At the time of writing the present data of crypto.News. The same corner has been on a trend mainly down since its launch. Last week, Melania dropped by 13.5% and around 14% in the past two weeks.

Despite a starting price of $ 13.05, Melania’s value dropped by more than 90%. It is currently negotiated at a price of $ 1.43.

Connection of the Melania team to the balance

According to BubblemapsThere is speculation that Melania would have been created by the same team that launched the Solana (GROUNDArgentina’s corner based on), Balance, which collapsed for hours after its launch.

The blockchain data analysis account concluded that 0xcea, a portfolio linked to the creator of Melania, has track tracks that show that the portfolio also finances the creator of the balance.

“To make matters worse, 0xcea has also rejected $ balance and made $ 6 million in profits, using several side addresses funded via CCTP. This is similar to the Melania affair, “wrote Bubblemaps in an article, alleging that the creator of Melania and the Libra launched tokens to” extract the value but used initiate knowledge to hide them “.

As before reported By crypto.News, the room even Balance collapsed on February 15 after its launch, losing $ 4.4 billion in market capitalization and leading to the parts market even.

The token was promoted by the Argentinian president Javier Milei to increase the country’s economy by funding small projects. Unfortunately, the chain analysis showed that 82% of the balance token supply was maintained in a single cluster and that initiates extracted $ 87.4 million in the first three hours thanks to the strategic manipulation of Liquidity, contributing to the imminent fall of the token.