The MELANIA team is selling tokens
According to Arkham Intelligence, wallets associated with the MELANIA meme coin team have become active again. In particular, one of the wallets that received 50 million MELANIA tokens (5% of the total issuance) recently transferred tokens worth $1.87 million to a new address. Previously, tokens from this wallet were sent to the Kraken exchange and sold through the Meteora platform.
Moreover, according to a study by Bubblemaps, the MELANIA team secretly sold tokens worth $30 million without providing any official explanations for these large sales.
These actions raise concerns among investors, as they may indicate potential risks for MELANIA token holders.
Is anyone else holding this meme coin?
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