The team behind the Official Melania Meme token (MELANIA) appears to be quietly offloading their holdings, raising questions about what might come next.
Blockchain analysis platform Lookonchain reports that over the past few days, the team has sold more than $1.5 million worth of MELANIA — not through a sudden dump, but using a more strategic approach known as Dollar-Cost Averaging (DCA).
Rather than flooding the market, the team sold in smaller batches over time.
Two days ago, they offloaded 1.18 million tokens in exchange for 4,230 SOL, worth approximately $632,000.
Yesterday, they continued the trend, selling another 2.01 million MELANIA tokens for around $938,000.
While no official statement has been made, the steady pattern suggests the sell-off could continue.
With the team’s careful, staged selling strategy, many investors are now wondering whether even more pressure could soon hit the market.
Reports of ProShares’ XRP futures ETFs launching on April 30 have turned out to be premature.
Virtual Protocol, a project focused on decentralized AI agents, is capturing attention as activity across its ecosystem explodes and its native token, VIRTUAL, stages a massive price rally.
Solana (SOL) continues to impress with steady gains, trading firmly above $150 and extending its winning streak into a fourth consecutive week.
Grayscale is pushing to break new ground in the crypto ETF space, recently meeting with the U.S. Securities and Exchange Commission’s (SEC) Cryptocurrency Task Force to discuss an expansion of its Ethereum offerings.