The cryptocurrency market has experienced a significant reshuffle while the team behind the Memes Melania play, also known as $ Melania, has made another important token sale. Over the past eight days, the team has poured around 9.99 million tokens from Melania, an equivalent of around $ 4.65 million.
This sale was carried out in a measured manner using unilateral liquidity and DCA methods (average of the average cost), as explained by the chain EMPER CN. This decision is part of a current sales trend that was launched over a month and a half ago by the team.
Since March 16, the project team has been busy transferring an internship of 41.675 million melania tokens for community and liquidity addresses. The team has since started the conversion process of these Solana (ground) tokens, an important player on the cryptocurrency market. This massive sale gave the team an impressive 170,000 soil, which, at current market rates, is estimated at around 23.063 million dollars. The conversion rate at the point of sale was on average $ 0.55 per token Melania $.
The conversion process was meticulously detailed by the analyst, who noted that the team had adopted a gradually soil sales strategy to convert it to USDC. This conversion was then transferred to other channels or withdrawn. This method indicates a well -thought -out liquidation strategy as opposed to random sale.
However, continuous sales were not without consequences for the $ Melania token. There was a substantial drop in the price of the token market. Data show a decrease of 5.3% in the last 24 hours and a more alarming drop of 32.1% over periods of 7 days and 30 days. The token is now 97.1% below its summit of $ 13.05, reached on January 20, 2025.
The Token Melania, which is associated with the former First Lady Melania Trump, initially gained popularity during the buzz of the memes play that surrounded political figures and the official play of the same Trump (Trump). However, the continuous sales pressure of the project team raised concerns about the long -term sustainability of the token and the dedication of the team to the project.
From the last check on Saturday, the $ Melania token was down 7.1% in the previous 24 hours, marking a period of turbulence for this controversial token.
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