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.
After weeks of quiet trading, Shiba Inu (SHIB) may be approaching a major breakout, according to a fresh analysis from CryptoELlTES on X.
Excitement is building around the JUST (JST) token after Justin Sun, the founder of Tron, suggested it could skyrocket by 100 times.
Binance, one of the world’s largest cryptocurrency exchanges, has expanded its services by rolling out new trading bots for FET and RENDER tokens.
ProShares is set to debut three new XRP-linked ETFs on April 30, offering traders multiple ways to bet on the token’s price movements.