The same same Coin Melania (Melania) once again sparked worries when the blockchain analysts revealed that the team behind the token sold more than $ 1.5 million from Melania in the last three days.
The heavy sale, which follows a similar model observed during the last month, raises questions about the warm -up of the initiate carpets and the future path of the token.
According to Lookonchain, the Melania team has not only manipulated liquidity, but has also executed an average cost strategy in calculated dollars (DCA) to sell substantial quantities of tokens in small slices, preventing net price accidents but maintain coherent sales pressure.
In the latest sales, the team sold about $ 632,000 from Melania two days ago, followed by an additional $ 938,000 today, bringing the total to more than $ 1.5 million.
Solscan’s blockchain data reveal that the team has dispersed sales on several wallets, including addresses such as 38z *** TV and 9SV *** RG.
This strategic dumping occurred even though the Melania price organized a 21% resumption in last week.
Despite the price pump, Melania remains around 96% below its $ 13.70 summit, which was briefly reached on January 20, coinciding with the inauguration date of President Donald Trump.
However, sales of the Melania team are not isolated incidents. On April 20, the blockchain analyst, Embercn, reported that the team had already sold 23.45 million melania tokens worth around $ 14.75 million in the previous month.
They executed these sales through centralized exchanges and liquidity handling on decentralized platforms, such as meteors.
Just on April 19, the team sold 2.95 million tokens for 9,009 soil, valued at around 1.2 million dollars. Such an aggressive sale had an impact on market confidence.
Deepening of sales and connections with previous scandals
The persistent sale exacerbated the fears of a potential carpet traction, a concern that surrounded the melania medal almost since its creation.
In February, the Bobblemaps blockchain analysis firm discovered chain evidence connecting the Melania project to the controversial token Balance (balance).
Analysts said that the same portfolio, 0xcea, was involved in the two projects, suggesting an initiate effort coordinated to manipulate tokens launches for massive profits.
@Bubblemaps presented new chain evidence suggesting that the team behind Balance even Coin is responsible for the launch of Melania.#Bubblemaps #Balancehttps://t.co/lv888r49b5p
– cryptonews.com (@cryptonews) February 17, 2025
According to Bubblemaps, Wallet 0xcea strongly pulled the launch of Melania on January 19, transforming a quick profit of $ 2.4 million, which was bleached through several Solana portfolios in avalanche.
A few weeks later, the same wallet financed the launch of the balance token, which was also collapsed shortly after the initiates recorded $ 107 million.
The collapse of the balance token was fast and devastating. Within four hours of launch, the value of the token dropped 94%. Similar patterns tormented Melania.
After reaching an astonishing $ 13 billion market capitalization at its peak, Melania’s value dropped by 99%, destroying most of its first investors.
These results suggest a model of behavior in which the initiates create media threw around memes parts on the theme politically, pump prices aggressively, then quickly sell their assets, leaving retail investors with substantial losses.
The part of the same part faces otherwise contrary to the midfielder
The wider market of coins itself faces increasing pressures. Although an April 25 report indicates that the market is recovered, reaching market capitalization of $ 60 billion.
– cryptonews.com (@cryptonews) April 25, 2025
Same corner mania goes up as However, the subsequent launch and underperformance of high-level tokens like Trump and Melania may have pierced the bubble of the memes piece.
The decreasing enthusiasm suggests that investors can focus on more recent stories or become more and more cautious about the risks associated with projects of memes on the political theme.
The difficulties are not isolated for Melania alone. Trump Token, another leading political project, also had a spectacular decline, a top price of $ 75.35 to only $ 8.14 in three months.
Although Trump has recently shown signs of recovery due to a new unlocking event that publishes 40 million tokens worth more than $ 300 million and the recent announcement of a private dinner with President Donald Trump to assist the best holders.
Despite the general market stability, the Melania token continues to underperform. In the past 24 hours, Melania’s price has dropped by an additional 5%, underperforming other memes parts.
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