The post MELANIA team tokens worth $39m unlock amidst LIBRA collapse appeared on BitcoinEthereumNews.com.

Around 3% of the total MELANIA token supply will start unlocking after Feb. 20. The tokens worth $39 million were allocated to the MELANIA team at the start of the launch. According to the token allocation rules on the official site, 10% of the tokens allocated to the team behind the official Melania Trump token will start unlocking 30 days after its launch date. This 10% consists of around 30 million MELANIA (MELANIA) tokens or 3% of the meme coin’s total supply. The MELANIA token officially launched on Jan. 20, mere hours before the inauguration of President Donald Trump. Meanwhile, her husband’s meme coin had launched earlier during the weekend ahead of his inauguration. Based on the token distribution chart, 20% of the MELANIA tokens are meant for public distribution, another 20% went to the community, 30% into Treasury, while 30% went into team vesting. The vesting period for team-allocated tokens starts one month after the launch date, which is later followed by another unlocking period for the remaining 90% of team tokens which will release monthly at a rate of 2.25% per month. The second unlocking period will begin on the second month after the launch and will continue until the 13th month, by then all MELANIA tokens have unlocked in value. Token unlocks usually signal an increase in the token’s circulating supply, which could potentially lead to a boost in selling pressure and price volatility. If the team decides to immediately sell the 3% of tokens held, the token’s price could suffer from downward pressure. At the time of writing, MELANIA has gone down by 4.3% in the past day based on data from crypto.news. The meme coin has been on a mostly downward trend since its launch. In the past week, MELANIA plummeted by 13.5% and around…

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Filed under: News - @ February 17, 2025 8:25 am