Melania Meme Coin Team Unleashes Massive $4.65M Token Dump!

9.99 Million $MELANIA Tokens Sold Off in Just 8 Days!

Holy crypto dump, Batman! The team behind the Melania meme coin just pulled off another massive token selloff, unloading a staggering 9.99 million $MELANIA tokens worth a cool $4.65 million in the last eight days alone. These guys aren't messing around!

Unilateral Liquidity and DCA: The Secret Sauce?

According to the eagle-eyed on-chain analyst Ember CN, these sales were executed with a slick combination of "unilateral liquidity and DCA (dollar-cost averaging) methods." It's like they've got a playbook for cashing out, and they've been running this play for over a month and a half now!

From Community to Solana: A 41.675 Million Token Haul

Since March 16, the project team has been on a mission, transferring a whopping 41.675 million MELANIA tokens from community and liquidity addresses and converting them into Solana (SOL). Talk about a crypto heist!

170,000 SOL and Counting: The Selloff Totals $23.063 Million

The total selloff has netted the team a jaw-dropping 170,000 SOL, valued at approximately $23.063 million. And get this - they sold each $MELANIA token for an average of $0.55. It's like they're playing a high-stakes game of Monopoly!

A Planned Liquidation Strategy or Just Cashing Out?

The analyst spilled the beans on the team's conversion process, revealing that they "gradually sell the SOL to convert it into USDC, transferring it to other chains or withdrawing it." It's starting to look less like a random cash grab and more like a calculated liquidation strategy. These guys have a plan, and they're sticking to it!

MELANIA Token Price Tanks Amidst Continuous Selloffs

With all these selloffs happening left and right, it's no surprise that the MELANIA token is taking a nosedive. Price data shows a 5.3% drop in the past 24 hours and a whopping 32.1% drop over both the 7-day and 30-day periods. And if that's not enough, the token remains a staggering 97.1% below its all-time high of $13.05, which it hit on January 20, 2025. Ouch!

Melania Meme Coin: From Political Hype to Selloff Woes

The Melania token, tied to First Lady Melania Trump, initially rode the wave of meme coin hype surrounding political figures and the Official Trump (TRUMP) meme coin. But with the project team's continuous selling pressure, investors are starting to question the token's long-term viability and the team's commitment to the project. Is this the beginning of the end for MELANIA?

MELANIA Token Takes Another Hit: Down 7.1% in 24 Hours

As of the last check on Saturday, MELANIA is down another 7.1% over the past 24 hours. It's like watching a slow-motion crash, and investors are feeling the burn. Will the Melania meme coin team ever stop the selloff madness, or is this just the tip of the iceberg?