The Melania (MELANIA) meme coin has once again sparked concern as blockchain analysts uncovered that the team behind the token has sold more than $1.5 million worth of MELANIA over the past three days.
The heavy selling, which follows a similar pattern observed over the past month, raises questions about insider rug-pulling and the future trajectory of the token.
According to Lookonchain, the Melania team not only manipulated liquidity but also executed a calculated dollar-cost averaging (DCA) strategy to sell substantial amounts of tokens in small tranches, preventing sharp price crashes but maintaining consistent sell pressure.