Melania meme coin team dumps 9.99m tokens in 8 days

The team behind the Melania same corner has made another token sale and spilled 9.99 million Melania tokens worth around 4.65 million dollars in the past eight days.

According to EMPER CN chain analyst, these sales were made by “unilateral and DCA liquidity methods (means of dollar cost)”. This continues a global sales model that started over a month and a half ago.

The Melania team spins 170,000 Solana

Since March 16, the project team has transferred 41.675 million Melania (Melania) The tokens of community and liquidity addresses and began to convert them to Solana (GROUND).

Total sale has brought 170,000 soil to the team, estimated at around 23.063 million dollars. The sale was made for an average of $ 0.55 per $ Melania.

The analyst detailed The team conversion process and mentioned that it “gradually sells the soil to convert it to USDC, transfer it to other channels or remove it”. This approach suggests a planned liquidation strategy rather than sporadic sale.

In the midst of continuous sales, the Melania token has shown a major price drop in recent market activity. Price data showed a decrease of 5.3% in the last 24 hours and a decrease of 32.1% over the periods of 7 days and 30 days. The token remains 97.1% below its summit of $ 13.05 reached on January 20, 2025.

The Melania token, associated with the first lady Melania Trump, initially gained ground during the buzzing of the same play surrounding the political figures and the Trump official (ASSET) Same corner. However, the continuous sale pressure of the project team raises questions on the long -term viability of the token and the team’s commitment to the project.

During the last check on Saturday, Melania is down 7.1% in the last 24 hours.