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While most of the market in the same part rushed into green on April 17, Melania’s official same
Melania
$ 0.41
24h volatility:
2.8%
COURTIC CAPESSION:
$ 160.98 M
Flight. 24 hours:
$ 19.59 M
The token slipped by 5% to exchange approximately $ 0.40. The drop follows another cycle of unloading of the tokens by initiates, again shaking the confidence of investors.
The data on the chain reveal more than 6 million Melania were sold last week thanks to a series of liquidity add and shoot eight wallets. Lookonchain analyzed that around 13 million tokens, worth more than $ 8 million, were sold for 60304 Solana in the last month.
THE #Melanie The team continues to throw $ Melania by adding and deleting liquidity!
$ 13M Melania was sold for 60,304 $ Soil($ 8.02 million) in the last month. pic.twitter.com/4cchaxpmxw
– Lookonchain (@lookonchain) April 17, 2025
The last batch of sales came with an 11% increase in the negotiation volume to $ 17.1 million, indicating increased sales activity among investors.
The Melania token, launched in January 2025, initially recorded a heavy media threw because of its link with First Lady Melania Trump. He quickly reached a market capitalization of more than $ 2 billion.
However, the token price has since dropped by more than 97%, now to a market capitalization of around $ 221 million. This fall was linked to liquidity withdrawals and large -scale sales by initiates of the project, which led a lot to mark Melania as a pumping and perceau of textbooks.
Experts have raised questions about Melania’s tokenomic and the general objective.
Last week, the Bobblemaps blockchain analysis platform revealed that 50 million Melania tokens worth around 30 million dollars were moved to the community fund in initiate portfolios. A large part of these tokens has since achieved exchanges, with at least $ 500,000 spilled.
Alarming, the portfolios connected to the team would have checked 92% of the token offer. The name Hayden Davis, already sadly famous for its link towards the collapse of the balance, appears within the framework of these transactions.
On the 4 -hour price table, Melania continues to negotiate in the lower Bollinger strip, indicating a persistent drop. The bands contract, suggesting a potential compression where an escape can probably follow.
Melania price that | Source: tradingView
Meanwhile, the RSI is 36.29, approaching the territory of occurrence, but without a strong inversion signal. If the sellers continue to dominate, a break below the key support at $ 0.40 could send spiral prices to $ 0.35.
Interestingly, this week, Melania seems to be breaking down from a descending triangle model for the beginning of April.
Melania Descending Triangle PATTERN BREAKDOWN | Source: tradingView
This also confirms the probability of a continuous decrease unless there is high purchase pressure.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
post url: https://altcoin.observer/tanks-of-melania-token-5-while-the-dumping-of-initiate-arouses-controversy/
