MELANIA Token Mass Sale by Development Team

The team behind the MELANIA meme coin has sold over 82 million tokens, equivalent to 8.22% of the total supply, in the past four months.

According to information we quoted from Beincrypto media, the sale was carried out through 44 different wallets and generated around 244,934 SOL, or around US$35.68 million based on the current Solana price.

Detection-Eliminating Sales Strategy

According to analysis from Lookonchain, the majority of MELANIA tokens were sold through strategic liquidity additions and removals, rather than through placing sell orders on the open market.

This method allowed the team to avoid detection and minimize the direct impact on the market price.

Impact on Price and Investor Confidence

Despite efforts to increase liquidity through a partnership with Wintermute, MELANIA’s price has fallen 59% in the past 60 days, hitting an all-time low.

This decline has raised concerns among investors about the project’s transparency and sustainability.

Lack of Utility and Development Plans

The official documentation of the MELANIA project states that the token has “no functionality” and that there are no plans to invest proceeds into product development or ecosystem growth.

This raises questions about the project’s long-term goals and adds to investor concerns.