Melania Meme Coin Team Dumps 9,99 m Token in 8 Tagen, Nets 170k Sol bisher

tldr; The team behind the Melania meme coin has sold 9.99 million $MELANIA tokens worth $4.65 million in the past eight days, continuing a selloff trend that began over a month ago. Since March 16, they have sold 41.675 million tokens, netting 170,000 SOL (around $23.063 million). This planned liquidation strategy has contributed to a significant price drop for the token, which is now 97.1% below its all-time high. The selloff raises concerns about the token’s long-term viability and the team’s commitment to the project.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

The Melania meme coin experienced a significant dump of 9.99 million tokens, worth around $4.65 million, with reports indicating the team netted 170k SOL from the selloff. The coin’s value has also sharply declined, with some sources noting a 96% fall from its peak, raising concerns about potential insider trading practices.

* [crypto.news on X: „Melania meme coin team dumps 9.99m tokens in …](https://twitter.com/cryptodotnews/status/1918692114512089278)

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Imagine my shock

$trump coin could have been huge if $melanie didn’t exist