The team behind the Melania meme coin has recently conducted another significant token selloff, dumping 9.99 million $MELANIA tokens valued at approximately $4.65 million over the past eight days. This marks a continuation of a selling trend that began over a month and a half ago.

Consistent Selling Strategy

According to on-chain analysis, these sales utilized techniques such as unilateral liquidity and Dollar-Cost Averaging (DCA). This structured approach highlights a deliberate effort by the team to liquidate their holdings rather than sporadic selling, which may impact the token’s market perception.

Key Figures: MELANIA Team Nets 170,000 Solana

Since March 16, the Melania project team has transferred approximately 41.675 million $MELANIA tokens from community and liquidity addresses. These tokens were systematically converted into Solana (SOL), resulting in a total of 170,000 SOL, valued at around $23.063 million.

The average sale price of $MELANIA tokens during this liquidation process was calculated at $0.55 per token. Following the conversion to Solana, the team reportedly sold the SOL to convert it into USDC, subsequently transferring the funds to other blockchain networks or withdrawing them entirely.

Market Impact and Token Performance

Amid the ongoing selloffs, the Melania token has experienced a notable decline in its market value. Over the past 24 hours, $MELANIA has dropped 5.3%, while its price has plummeted by 32.1% over the past seven days and 30 days. Currently, the token is trading 97.1% below its all-time high of $13.05, which was reached on January 20, 2025.

The sharp price drop has raised concerns among investors, particularly as the token was initially tied to the popularity of meme coins associated with political figures. However, the consistent selling pressure from the project team has led to growing skepticism about the token’s long-term viability and the team’s overall commitment to its development.

Investor Considerations

For those investing in meme coins or emerging cryptocurrencies like $MELANIA, it’s important to assess the activity and behavior of project teams. Here are some tips for evaluating your investments:

  • Monitor On-Chain Activity: Use blockchain analytics tools to track token movements and liquidity changes.
  • Evaluate Project Commitments: Review the team’s roadmap and consistency in delivering promised updates.
  • Understand the Risks: Meme coins are highly speculative assets and can be prone to sharp price fluctuations.
  • Diversify Investments: Avoid overexposure to a single asset by spreading your investments across multiple cryptocurrencies.

Current Status

As of Saturday, the Melania token is down 7.1% in the past 24 hours, continuing its downward trend. Investors should remain cautious and stay informed about further developments regarding the token and its market activity.

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