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But we saved everything 🙂.
Melania Team executes $8M sell-off this month
In a calculated liquidity strategy, the Melania token ($MELANIA) development team has sold 13 million tokens—valued at approximately $8.02 million—over the past month.
This large-scale divestment, confirmed by blockchain analytics firm Lookonchain, was executed through a repeated pattern of adding and removing liquidity on decentralized exchanges. The proceeds were exchanged for 60,304 SOL tokens.
The maneuver, which reached its most recent execution at 12:45 PM UTC on April 17, underscores the increasing sophistication of token project teams in managing market dynamics. While liquidity management is often essential to ensure smooth trading, in this case it has sparked scrutiny due to the methodical nature of the sell-off and its timing.
Market impact: price decline and volume surge
The immediate consequence of the sell-off has been a noticeable dip in the MELANIA token’s price. The price fell from $0.62 to $0.55 within 24 hours, representing a decline of over 11%. Trading activity spiked during the same period, with daily volume surging by 30% to 2.5 million tokens.
Such price and volume movements suggest heightened speculative activity and trader anxiety, especially as the sell-offs were not accompanied by formal disclosures from the Melania team. Analysts warn that lack of transparency in liquidity manipulation could erode investor trust and heighten market volatility in the near term.
Looking ahead: liquidity as a lever of control
This incident highlights a broader trend in the crypto space where project teams use liquidity as a tactical lever, influencing price and trading sentiment. For MELANIA holders, the team’s actions raise questions about long-term project governance and tokenomics.
Observers and traders will be closely monitoring wallet activities tied to the Melania team for further signs of coordinated market moves. Transparency and communication may now prove crucial in regaining user confidence and stabilizing the token’s trajectory.
We reported earlier that investor sells 13.97M MELANIA, takes $15.68M loss as token crashes.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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