📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
The MELANIA group sold 82 million tokens, price fall 80%.
, over the past four months, accounting for 8.22% of the total supply. The price of MELANIA has fallen sharply from $1.22 to $0.20, a drop of 80% since the beginning of the sell-off. According to LookonChain, the team has sold tokens through 44 wallets, avoiding the oversight of the cryptocurrency community by strategically adding and withdrawing liquidity, reaping 244,934 SOL, equivalent to $35 million.
The community expresses concerns about the transparency and tokenomics of the project, especially as development is stagnating. The official documents acknowledge that this token "has no function" and there are no plans for reinvestment. This makes MELANIA a purely meme coin, with no utility, despite a market capitalization of 127 million.