MELANIA Meme Coin Wallets Dump $4.6 Million Worth of Tokens as Price Slides 📉
The Solana-based memecoin MELANIA, linked to US First Lady Melania Trump, faces scrutiny after significant token sales by project-associated wallets.
Over eight days, nearly 10 million MELANIA tokens were sold, amounting to $4.6 million, using a strategy to minimize price impact.
Since March, wallets liquidated 41.67 million tokens for about $23 million, fueling investor concerns over the project's motives.
Most proceeds appear converted to USDC, indicating ongoing divestment by the team. The meme coin launched amid buzz in January 2025, but prices have since plunged by 97%.
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