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Sales of Trump’s Wife Melania's Meme Coin MELANIA Continue Unabated! - Coin Bulletin
The project team of the Melania Trump themed meme coin MELANIA caught the attention of investors by selling 9.99 million MELANIA for a value of 4.65 million dollars in the last 8 days.
Recently, one of the meme coin projects that has been frequently mentioned in the world of cryptocurrency is MELANIA, which is experiencing remarkable sales activities. The sale of a large number of tokens by the project developers of the MELANIA token, launched in the name of Donald Trump's wife Melania Trump, has also brought about discussions.
Sales conducted from community and liquidity addresses have caused significant fluctuations in the price of MELANIA. Since March 16, the MELANIA project team has unilaterally added a total of 41.67 million MELANIA tokens to liquidity and put them up for sale using the Dollar Cost Average (DCA) method. During this process, the team earned 17,000 SOL from sales, totaling 23.06 million dollars in sales. It was noted that the average selling price was around 0.55 dollars.
They are selling SOL and converting it to USDC.
It is reported that project developers are continuously converting the SOL they obtain into USDC and transferring it to different chains or directly cashing it out. These transactions reveal that the project team has made a significant amount of profit in the short term, while also causing concern among investors.