🎁 Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. JOIN NOW! 🔥

Melania Trump Promotes MELANIA Token Despite Team Sale Concerns

Key Takeaways

  • Melania Trump returned after months of silence with an AI video promoting her memecoin MELANIA as the token’s value continues to decline;
  • Analysts flagged $30 million in MELANIA tokens moved from team wallets in April, followed by another $1.5 million sold after a short price surge;
  • Lookonchain suggested the wallet sales fit a dollar-cost averaging strategy, though the team has offered no explanation to the public.​

Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁

Melania Trump Promotes MELANIA Token Despite Team Sale Concerns

Melania Trump has re-emerged to support her meme coin, MelaniaMeme (MELANIA), after a long break from the public conversation around her cryptocurrency project.

Her latest promotion came in the form of a video created using artificial intelligence (AI), in which she described the token as a step "into the future". The post tagged the official account of the meme coin on X.

The timing of Melania's return coincides with ongoing concerns about recent activity involving wallets associated with the project team.

How to Avoid Rug Pulls in Crypto? (5 Ways Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Blockchain monitoring groups noted that her post did not mention any of the unresolved questions about large sums of MELANIA tokens being moved and sold.

According to data shared by Bubblemaps, a platform that tracks blockchain transactions, around $30 million worth of community-held tokens were transferred from team wallets on April 7.

These tokens were reportedly sold without explanation to the public. Later in April, an additional $1.5 million in tokens was sold over a three-day period, following a 21% price increase.

Lookonchain stated in a post on X that this pattern of sales suggests the team may be using a common trading method known as dollar-cost averaging (DCA). This approach involves buying or selling fixed amounts of an asset at regular intervals, typically to mitigate the impact of market fluctuations.

Recently, California Governor Gavin Newsom announced plans to launch a meme coin called the "Trump Corruption Coin". What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

CLAIM $100 BONUS

Changelly Welcome Reward
Rating
5.0