Lookonchain Reports on $MELANIA Token Sales
The on-chain data analysis platform Lookonchain pointed out on Thursday via social media platform X that the team behind the meme coin $MELANIA, issued by Melania Trump, has been continuously selling the tokens by adding and removing liquidity.
In the past 25 days, they have sold a total of 6.72 million $MELANIA tokens by adding and removing liquidity across eight cryptocurrency wallets, exchanging them for 34,168 $SOL, valued at approximately 4.2 million USD.
According to data from CoinGecko, the price of the MELANIA token peaked at $13 shortly after its issuance in January of this year, but has since seen a continuous decline. As of the publication of this article, the trading price of MELANIA is approximately $0.516, reflecting a drop of 26.3% over the past 30 days.
Related report: “After Melania Trump Issued Meme Coin MELANIA, the Billion-Dollar Valuation Success Pushes TRUMP Toward Abyss.”
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