MELANIA team offloads 6.72m tokens in the past month

The Melania team has sold $ 4.2 million in chips for the past 25 days. Chain analysts predict that more community tokens will be sold by the team.

According to LookonchainMelania (Melania) The team added and eliminated liquidity on eight different portfolios. During last month, the team exchanged 6.72 million tokens for 34,168 soil (GROUND), their earnings of a profit of $ 4.2 million in total.

Chain detectives believe that it is part of an even wider attempt to unload more token from the project community funds. Bubblepaps chain analysis shows that the team behind the first lady same corner has sold the chips of the community in recent months.

Only a week ago, the team discharged $ 2 million from chips for community funds in one side liquidity sale. Bubblemaps alleged that the team quietly sold a huge part of its tokens without any clear explanation.

“Huge sales on $ Melania, $ 30 million has been moved by community funds – and is now sold quietly, without explanation of the team,” wrote the account in a recent job.

At the time of the press, the official corner of the first lady even fell 0.9% in the last 24 hours and almost 10% last week. The Solana -based token is currently negotiating at $ 0.51. He recently dropped towards a new lower of all time just a day earlier, reaching less than $ 0.50 for the first time since its launch.

More sales of melania tokens on the horizon?

The chain analysis of Bubblemaps revealed that the team has moved 50 million Melania, which is worth around 30 million dollars, from community funds to another portfolio before it was dispersed on several addresses.

Among these addresses, two portfolios have opened new positions on the chain worth $ 6 million each. Not only is another portfolio also sent a value of $ 3 million in cryptography funds for exchanges and $ 500,000 tokens were sold.

This increase in chain activity of the Wallet team has led the analysis platform to believe that the team plans to unload more tokens. Currently, the team currently has around 92% of the total token supply, according to Bubblemaps.

“No one of Melania’s team approached this. Not the movements. Not the sale. If it’s the team behind, why stay silent? If it’s Hayden Davis, why no one intervened?” Bubblemaps indicated.