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Melania Token Team Sells Over $1.5M as Meme Coin Momentum Slows -

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The team behind the Official Melania Meme (MELANIA) token sold more than $1.5 million worth of tokens over the past three days. This points to a programmatic selling strategy that could add even more downside pressure to the token's price. 

On April 28 alone, the team sold $930,000 worth of MELANIA tokens, which followed a $630,000 sale two days earlier. According to blockchain intelligence firm Lookonchain, the pattern of these sales suggests a dollar-cost averaging (DCA) strategy, where assets are sold at regular intervals to manage market impact and reduce emotional trading decisions. Lookonchain noticed that the Melania team did not simply add or remove liquidity but employed DCA for direct sales as well.