In less than four months, the executive team behind the official Melania Trump (MELANIA) meme coin indulged themselves on a massive selling spree. Judging by the data collected by blockchain intelligence firm LookOnChain, that’s 8.22% of all MELANIA coin supply.
Sell-Offs To Blame For 69% Melania Price Dip
Evidently, 44 different self-custodial crypto wallets were used to dish out the 82.18M MELANIA tokens, netting 244,934 Solana (SOL) altogether, worth approximately $35.7 million at stamped transaction time.
Certainly, this had a massive negative impact on Melania Trump’s signature Solana memecoin’s price. In a 90-day timeframe, the American First Lady’s official crypto dwindled by 69.33%, now backtracking 98.35% from its all-time peak of $13.05 on January 20, 2025.
Unlocks To Inflict Harder Melania Coin Dump?
Surely, it looks like there’s plenty of Melania Trump coin unlocks still to be done. Out of the 999,998,076 coins in the total supply, nearly 620 million are circulating. Naturally, the gradual unlocking of the remaining 379 million can cause further dips, especially if the PolitFi meme coin continues to garner trading volumes below $10 million.
Right now, Melania Meme (MELANIA) continues to trade just above $0.20, sporting a market cap of $128 million. Whilst insider training allegations emerge, cryopot bears also don’t retreat. According to the Bull Bear Power (BBP) metric, the scales are considerably on the bearish side, raising doubt if the PolitFi meme coin can restore the $1 target anytime soon.
On The Flipside
- A similar fate has struck President Donald Trump’s signature meme coin, also down nearly 90% from its all-time high (ATH).
- The official Trump coin crawled back to double-digits after the meme coin dinner announcement, but the gains were short-lived.
Why This Matters
Celebrity meme coins with no utility besides trading often turn out to be pump & dumps, which qualifies as a crypto project dropping 99% from its all-time peak. While bolstering adoption, this also raises ethical questions as most investors are deeply in the red.
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Large investors, or whales, and insiders sold off massive amounts of MELANIA tokens, flooding the market and crashing the price. On-chain data suggests coordinated sales, possibly including team members.
Reports indicate the MELANIA team quietly sold millions in tokens, with some sources claiming $35M+ was cashed out across 44 wallets, though no official confirmation exists. This has raised concerns about transparency.
MELANIA is a meme coin tied to Melania Trump, launched with hype but lacking clear utility, making it prone to volatility. Its price fell from a high of $13.05 to around $0.85-$0.40 amid sell-offs.
Blockchain analytics point to liquidity tampering and insider sales, but no definitive proof of illegal activity has surfaced. The lack of team communication fuels suspicion of a potential exit scam.
The token’s 98% crash and insider selling make it a red-flag investment; proceed with extreme caution. Always research thoroughly and only invest what you can afford to lose.
