The post Hayden Davis is still selling MELANIA to exchanges and liquidity pools appeared on BitcoinEthereumNews.com.

Hayden Davis, linked to market manipulation of LIBRA and other celebrity meme tokens, is still selling MELANIA. On-chain data shows the early investor is still shedding tokens, using both centralized exchanges and DEX liquidity pools.  Hayden Davis keeps selling Melania (MELANIA) tokens, as revealed by Bubblemaps data. Davis, who previously was linked to meme token manipulation, has not faced any sanctions, and continues to use the meme token market to shed his positions.  As of March 28, MELANIA was pressured by overwhelming sell orders, with strategic orders bringing the price down every few hours.  MELANIA saw overwhelming selling pressure in its most active DEX pair, as whales continued to cash out and crash the price. | Source: DEXScreener In the past few days, MELANIA fell from its levels of around $0.70 down to $0.63. The token still has over $83M in liquidity on DEX, which may hold off the selling pressure for a while. The selling pressure on DEX pairs led to an even bigger decline for MELANIA. The token traded at around $0.66 in centralized markets.  MELANIA is already far from its trading peak at $13.73, erasing billions in notional value. Yet even at the lower range, value extraction continues. MELANIA is held by 246,375 holders, far surpassing other meme tokens. The price crash and low available liquidity mean the holders may not be able to cash out, seeing the token go even lower. Davis used a quiet market period to shed holdings Wallets linked to Davis kept shedding tokens, using both centralized markets and DEX liquidity pairs.  1/ Hayden Davis is STILL selling MELANIA He recently sent $1M to exchanges and extracted over $2M from the liquidity pools 🧵 pic.twitter.com/1sWIkGmtxj — Bubblemaps (@bubblemaps) March 28, 2025   Davis, who was linked to shilling and market-making for the LIBRA…

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Filed under: News - @ March 28, 2025 7:23 pm