The project team of the Melania Trump themed meme coin MELANIA has attracted investors' attention by selling 9.99 million MELANIA for a total value of 4.65 million dollars in the last 8 days.
Recently, there have been notable selling movements in MELANIA, one of the meme coin projects frequently mentioned in the cryptocurrency world. The significant sale of tokens by the project developers of the MELANIA token, launched in the name of Donald Trump's wife Melania Trump, has sparked discussions.
Sales conducted from community and liquidity addresses have caused significant fluctuations in the MELANIA price. Since March 16, the MELANIA project team has released a total of 41.67 million MELANIA tokens by adding unilateral liquidity and using the Dollar Cost Averaging (DCA) method. During this process, the team generated 17,000 SOL from sales, achieving a total sale of 23.06 million dollars. The average selling price was reported to be around 0.55 dollars.
They are selling SOL and switching to USDC.
It is reported that the project developers continuously convert the SOL they obtain into USDC and transfer it to different chains or directly cash it out. These transactions indicate that the project team has made a significant profit in the short term, while also causing concern among investors.