Trump-Linked MEME Project Melania Sold Off, Project Team Cashes Out Over $18 Million
According to on-chain data analyst Yu Jin @余烬Ember , the project team associated with First Lady Melania's MEME coin Melania (MELANIA) has recently initiated a large-scale cash-out operation:
Latest Sell-Off: Recently, 12.685 million MELANIA (approximately $5.41 million) was sold through a unilateral liquidity pool; the average price of SOL exchanged was $0.427;
Total Cash-Out: Since March 16, the project team has cumulatively transferred out 31.685 million MELANIA from the community/liquidity address, exchanging it for 138,800 SOL (approximately $18.41 million) through a unilateral liquidity pool, with an average selling price of $0.581, approximately 12% higher than the current market price.
Market Impact:
Token Under Pressure: MELANIA's price has dropped 18% in the last 7 days, with the sell-off potentially exacerbating short-term volatility; Questionable Fund Flow: The project team has not disclosed the use of the SOL cashed out, raising community concerns whether the funds are for ecological construction or personal cash-out.
(Will continue to track the project team's fund movements and MELANIA market reactions)
