Developers are making heavy sales in this Altcoin! Its value has dropped significantly.

The memecoin project MELANIA, backed by Donald Trump’s wife Melania Trump, has sold 34,457 million MELANIA tokens in the last month and a half. According to data from on-chain analytics platforms, the value of these sales is approximately $12.15 million.

Since March 16, the project has transferred a total of 76,132 million MELANIA tokens from community and liquidity addresses to various wallets. Then, selling operations were resumed through unilateral liquidity addition and trading at average cost (DCA) methods.

During this process, the project generated approximately 35.218 million dollars by selling MELANIA tokens for 244,000 SOL. The average sale price was calculated at 0.46 dollars. Later, some of the SOL obtained were resold, and these assets were converted to USDC or transferred to centralized exchanges (CEX).

Unlike the TRUMP memecoin, MELANIA has not achieved widespread success and is also facing some fraud allegations. The token, which has a total market value of 196 million dollars, is trading at a level that is 98.2% lower than its all-time high market value. At that time, the total market value was over 1.5 billion dollars.

*This is not an investment advice.

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