Team $MELANIA Sells Millions of Dollars Worth of Tokens, What Happened?

Jakarta, Pintu News—In the past 25 days, the MELANIA team has sold $4.2 million worth of tokens. On-chain analysts predict that the team’s community token sales will continue.

According to data from Lookonchain, the team has been actively adding and subtracting liquidity through eight different wallets, with total profits reaching $4.2 million from the exchange of 6.72 million tokens to Solana (SOL).

Check out the full news below!

MELANIA Team Sales Strategy

The MELANIA team has been involved in a series of suspiciously large sales. In the past month, they exchanged 6.72 million tokens for 34,168 Solana (SOL), resulting in a profit of $4.2 million.

This activity includes strategically adding and subtracting liquidity through various wallets associated with the team. Further analysis of Bubblemaps shows that the team has sold tokens from community funds over the past few months.

The team liberated $2 million tokens from community funds in a one-sided liquidity sale a week ago. This action raised suspicion among market watchers, as it was done without clear transparency.

Also read: Freedx Officially Operates in El Salvador with DASP License!

Market Reaction and Future Predictions

As a result of this sale, the value of the MELANIA token has decreased. This Solana-based token is currently trading at $0.51, having decreased by 0.9% in the last 24 hours and almost 10% in a week.

The token even hit a new low, below $0.50, which is a record low since its launch. With 92% of the total token supply still in the hands of the team, analysis from Bubblemaps indicates that there will likely be more token sales in the future.

Increased on-chain activity from the team’s wallet indicates preparations for further token releases, which could have an impact on the token’s value in the market.

Read also: BNB Chain and MEXC Strategic Partnership: Listing Acceleration and Ecosystem Growth!

Community Concerns and Speculation

The community and investors were alarmed by this unexplained activity. There have been no official statements from the MELANIA team regarding this flow of funds or token sales. This concern is compounded by the absence of communication from relevant parties, including Hayden Davis who is said to be part of the team.

The big question that hangs over is why the team has chosen to remain silent and not provide clarification regarding their activities. This situation creates speculation and uncertainty among token holders, potentially affecting confidence in the MELANIA token and its stability in the market.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Melania Team Offloads 6.72M Tokens in the Past Month. Accessed on April 11, 2025
• Featured Image: Mint