Melania Meme Coin Team Sells Off Millions of Tokens
The creators of the Melania meme coin have sold off a significant amount of their tokens. Over the past eight days, they dumped 9.99 million $MELANIA tokens. This is worth about $4.65 million. Ember CN, an on-chain analyst, noted these sales used specific trading methods. These include unilateral liquidity and dollar-cost averaging.
This latest sale is part of a longer trend. The team has been selling tokens as mid-March. They have moved 41.675 million MELANIA tokens. These tokens where taken from community and liquidity pools. They then converted them into Solana (SOL) coins. The team has earned 170,000 SOL,valued at roughly $23.063 million. The average price per token was $0.55. The sales show a clear pattern of liquidation. The team has been selling tokens steadily as mid-March. The
