25.06.2025 14:22

The MELANIA meme coin, named after the former First Lady, has experienced a dramatic price plunge, falling 80% in recent months, following a substantial token sale by its development team. This significant decline coincides with the team's offloading of 82 million tokens, representing 8.22% of the total supply, over a four-month period. The sale generated approximately $35 million in proceeds, raising considerable skepticism within the cryptocurrency community.


Unlike straightforward open market sales, the team employed a more opaque strategy, strategically managing liquidity to minimize immediate market impact, according to on-chain data from LookonChain. This tactic, while potentially minimizing short-term price fluctuations, has fueled concerns about transparency and the project's long-term viability, as the method lacked the direct accountability of traditional sales. The team's actions ultimately resulted in a net profit of approximately 244,934 Solana (SOL) tokens.


Further compounding investor anxieties, MELANIA's official documentation explicitly states the token currently lacks any inherent utility or functionality. There are no plans for reinvestment in product development or ecosystem expansion. Despite a recent partnership with Wintermute aimed at enhancing liquidity, the coin's price has still plummeted by 59% over the past two months, highlighting the lack of confidence in the project's future. The current market capitalization stands at $129.86 million, with a 24-hour trading volume of $9.32 million and a price of $0.21.


This situation underscores a growing concern among cryptocurrency investors regarding the transparency and ethical considerations surrounding tokenomics, particularly in the meme coin sector. The MELANIA saga serves as a cautionary tale, illustrating the risks associated with projects lacking clear utility and those employing potentially manipulative strategies during token sales. The use of internet sources confirms these details.