Imagine a crew on the deck of the Melania meme-coin ship, gleefully tossing overboard a treasure trove worth millions—only to watch their prized token sink faster than a lead balloon in a pond. Yes, dear reader, the team behind MELANIA has been having quite the sell-a-thon! 🎢💸
The token’s glory days—when it gleamed like a golden crown on Trump’s inauguration day—are now nothing but a distant, dusty memory. It’s dropped a jaw-dropping 97% since then, landing at a bottom so low you’d need scuba gear to find it.
Insiders Dump MELANIA Like Hot Potatoes, Sending It To A Dreadful Low
On the 19th of April (mark your calendars, for you have witnessed a spectacle), a crypto detective named EmberCN sniffed out wallets coughing up nearly 3 million MELANIA tokens like it was yard sale day.
In exchange, the merry band hauled in about 9,009 SOL, roughly $1.2 million rolling into their pockets. They sold their tokens through a rather fancy water slide called the MELANIA/SOL trading pair on Meteora (no, it’s not a spaceship, but it’s close enough).
This wasn’t a one-off spectacle, mind you. Over the course of three days, the crafty MELANIA team shuffled around 7.64 million tokens—worth a princely sum of $3.21 million—from pockets marked “community” and “liquidity,” before tossing them into that same watery slide for a splashy exit.
They cleverly dumped 2.95 million tokens just hours before EmberCN blew the whistle. Sneaky, aren’t they? 😏
“In the past 3 days, the $MELANIA project team has continued to transfer out 7.643 million $MELANIA tokens ($3.21M) from liquidity and community addresses, then added them to MELANIA/SOL one-sided liquidity on Meteora, selling $MELANIA within a set range for SOL. Of which, 2.95 million $MELANIA tokens were sold 7 hours ago for 9,009 SOL,” EmberCN snorted with glee.
And get this—over the past month, those merry miscreants have sold off more than 23 million MELANIA tokens, cashing in about $14.75 million. They must be counting their SOL coins like a dragon hoards gold! 🐉💰
The constant sales have stirred a storm of whispers about insider dumping—a suspicion first spotted back in March. Bubblemaps, the blockchain Sherlocks, noticed mysterious moves of over $30 million in MELANIA tokens that vanished into the mist (well, exchanges, but you get the idea).
These mysterious transfers led right back to Hayden Davis, one of the meme coin co-founders. Fun fact: He previously tangoed with LIBRA, a token that danced wildly when Argentina’s fiery President Javier Milei gave it a wink, only to collapse faster than a house of cards.
To pile on the drama, wallets tied to the MELANIA crew control a whopping 92% of all the tokens. That’s not a party; that’s a full-on monopoly! Some folks say this setup screams “market rigging”—or at least a cheeky game of “let’s see how low this can go.” 🎲
The poor price has crashed from a regal $13-plus earlier this year to a lowly 38 cents—a drop so steep it could give you vertigo. BeInCrypto keeps the sad scoreboard for all to stare at with dismay.
At the end of the day, this tumble isn’t just about a few greedy insiders with itchy trigger fingers. It’s also the meme coin battleground shrinking, as investors eye the horizon with less sparkle and more worry. After all, when the going gets tough, the tough get… well, sell-off happy, apparently! 🤷♂️
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2025-04-20 15:21