The post Melania Project Sells Millions of Meme Tokens Amid Market Concerns – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Melania token project sells significant holdings, affecting market prices. Project team’s liquidity moves draw scrutiny. Concerns grow over potential insider selling and price manipulation. The Melania meme coin project has been selling significant amounts of its tokens over the past eight days, amounting to approximately $4.65 million. This has been conducted through one-sided liquidity and DCA strategies, marking a substantial transaction in the cryptocurrency market. The Melania project’s latest activity highlights its strategic liquidation efforts within the market. Large-scale token sales and conversions into 170,000 SOL, valued at $23.063 million, have been completed, reflecting a broader trend of converting assets into more stable currencies like USDC. This has contributed to a market impact observed through declining token prices, with MELANIA’s value down by 12.5% over a week. Melania Project Impact on Token and SOL Liquidity Over the past eight days, the Melania meme coin project has been selling significant amounts of its tokens, worth approximately $4.65 million, through one-sided liquidity and DCA strategies. This event is notable as it represents a substantial transaction in the cryptocurrency market. The Melania meme project, connected to former First Lady Melania Trump, has been actively selling coins, resulting in a major sales event. The team strategically moved 41.675 million MELANIA tokens from designated community and liquidity addresses into SOL and then into USDC. This activity coincides with a 12.5% decline in MELANIA’s price, suggesting sell pressure influences market performance. Public sentiment and industry reaction remain cautious. Communities across platforms like Solscan express concerns regarding this systematic asset liquidation’s effect on market health. Despite the lack of official statements from influential figures, the ongoing pattern of token sales has not gone unnoticed by market analysts. “The Melania team not only manipulated liquidity but also executed a calculated dollar-cost averaging (DCA) strategy to sell…

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Filed under: News - @ May 3, 2025 8:23 am