MELANIA Meme Coin Team is Selling and Selling: They Have Liquidated 8% of the Supply! - Coin Bulletin

The Melania (MELANIA) meme coin team generated $35.7 million in SOL by selling 8.22% of the total supply in the last four months.

The meme coin Melania (MELANIA), launched with the support of U.S. First Lady Melania Trump and based on the Solana network, has made headlines with a major selling wave. According to data provided by the blockchain analysis platform Lookonchain, the MELANIA meme coin team sold 82.18 million MELANIA over the past four months. This figure corresponds to 8.22% of the total supply, and total revenue of 244,934 SOL (35.7 million dollars) was generated from the sales.

Most of the sales transactions were carried out through the method of adding and removing liquidity. The sales made through a total of 44 different wallets attracted attention among investors, causing significant fluctuations in MELANIA's market price.

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Trump family and meme coin effect

The Melania meme coin had garnered great interest thanks to the official support of Melania Trump. However, with this latest move, discussions regarding trust in meme coin projects have flared up again. The large sell-offs that follow the rapid rises of meme coins are a common occurrence in the market, causing investors to adopt a cautious approach.

After the recent developments, how MELANIA meme coin investors will proceed has become a topic of interest.