You Won’t Believe What MELANIA Meme Coin Insiders Just Did with Millions in Tokens 😱

by

If memecoins are the champagne of the crypto market, MELANIA might just be flat prosecco left on the table after a particularly uninspired soirée. This Solana-themed darling, affectionately—or perhaps ironically—christened after the First Lady herself, has become the object of rather unflattering speculation, owing to the enthusiastic unloading of tokens by the very hands that once bore them aloft. 🍾🚩

On the 3rd of May, that indefatigable chronicler of mischief, EmberCN, revealed to the world (or whatever portion of it can still muster the will to care) that project-tied wallets had elegantly divested themselves of almost 10 million MELANIA tokens in what could only be described as an eight-day fire sale. How very considerate of them to leave a few behind, perhaps for the cleaning staff. 💸

In Which MELANIA Wallets Quietly Perform Financial Gymnastics Worth $23 Million

The tokens so dispatched amounted to $4.6 million—enough to buy a few hats for Ascot, or, as it turns out, to raise doubts about everyone’s motives. One wonders if the project’s “long-term vision” involves anything except a one-way stroll towards the exit. 🚪

The strategy? A subtle waltz of Dollar-Cost Averaging and solo liquidity provision—perfect for the discerning exit artist who prefers not to make a scene at the theatre. Indeed, MELANIA’s handlers have managed to slip away from the party while convincing everyone else the fun was still to come.

This, dear reader, is not their maiden voyage. Back in April, these spirited wallets offloaded 3 million tokens for a rather dramatic 9,009 SOL (a modest $1.2 million)—executed with all the finesse of a socialite sneaking out before the champagne runs dry.

The game has been afoot since March, with 41.67 million MELANIA tokens vanishing into the night, netting their handlers some 170,000 SOL—roughly $23 million, if one dares to keep score.

And what becomes of these winnings? According to EmberCN, the proceeds are now fashionably dressed in USDC and safely out of sight, no doubt enjoying a well-earned rest in some cozy wallet far from the hustle and bustle of retail speculation.

All this substantial liquidation, executed with the panache of a street magician, has left token holders less than amused. Some now ponder whether MELANIA was ever intended as a serious project, or simply another shiny bauble to profit from the world’s most famous stony stare. 🗿

The coin, blessed with a launch worthy of any respectable debutante ball in January 2025, swiftly lost its luster—much like certain marriages—amid the ceaseless tedium of a market that would rather nap than trade.

And what of MELANIA’s price today? Trading at a rueful $0.38 (down more than 6% for the day and nursing a 31% stumble for the week), the coin has shed approximately 97% of its January glow. Some might call that a fall from grace, others merely Tuesday in the world of memecoins. 😂

Read More

2025-05-03 20:43