The memecoin project MELANIA, supported by Donald Trump’s accomplice Melania Trump, has sold 34.457 million MELANIA tokens within the closing month and a half of. In step with files from on-chain analysis platforms, the trace of these sales is spherical $12.15 million.
Since March 16, the project has transferred a entire of 76.132 million MELANIA tokens from neighborhood and liquidity addresses to just a few wallets. Then, sales were utilized using unilateral liquidity addition and DCA suggestions.
All the procedure thru this course of, the project sold MELANIA tokens for 244,000 SOL, raising roughly $35.218 million. The practical promoting trace became calculated as $0.46. Later, about a of the SOLs obtained were resold and these sources were converted to USDC or transferred to centralized exchanges (CEX).
No longer just like the TRUMP memecoin, MELANIA has no longer been broadly profitable, but it undoubtedly is also facing some fraud allegations. With a entire market cap of $196 million, the token is buying and selling 98.2% decrease than its all-time high. At the time, its total market cap became over $1.5 billion.
*Right here is no longer investment advice.
