MELANIA Coin Team Dumps $35M in Tokens Amid Price Drop
Key Highlights
MELANIA’s team has sold approximately 82.2 million tokens—about 8.22% of total supply—raising $35.7 million in the past four months.
Token price dropped 7% in 24 hours, reaching an all-time low after declining 59% over 60 days.
Despite a new liquidity partnership with Wintermute, price slippage persisted.
The project documents explicitly state no token utility or development roadmap, heightening concerns about long-term viability.
Token Sell‑Off Details
Blockchain tracking by Lookonchain shows the team distributed sales across 44 different wallets, using liquidity pool manipulation instead of direct exchange dumps. This subtle approach generated 244,934 SOL, approximately $35.7 million at current Solana prices (~$145.68).
Liquidity Boost Fails to Halt Price Decline
In early June, the MELANIA team moved 150 million tokens (~$50 million) into new wallets—including 20 million to market-maker Wintermute—aimed at reducing slippage and improving trading stability.
Despite this, the coin dropped from its January debut to $0.2069, falling 7% over the last day.
What This Means for Investors
Transparency concerns: The aggressive offloading of tokens raises red flags regarding team intentions and tokenomics .
Zero utility: With no user-facing features or development roadmap outlined in official documentation, MELANIA remains purely speculative.
Market sentiment fragility: The sharp downturn mirrors broader meme‑coin pessimism—amplified by insider sell pressure.
Liquidity partner role debated: Some say Wintermute's presence stabilizes the market; others suspect it may simply facilitate team profit-taking.
Outlook
Investors should be cautious of team sell-offs, lack of token utility, and sentiment-driven meme-coins. Without a pivot towards development or governance, MELANIA’s value is vulnerable to market cycles and insider actions.