CMC News

$MELANIA Meme Coin Team Reportedly Sells $1.5M in Tokens

The Melania Meme ($MELANIA) token has faced significant scrutiny after its team sold over $1.5 million worth of tokens in the past few days. The sales, which follow a dollar-cost averaging strategy, have caused concern about insider dumping, especially since the token experienced a 21% price increase in the past week. However, despite the recent surge, $MELANIA is still down by around 96% from its all-time high of $13.7, reached in January 2025.

Blockchain analysis revealed that the team sold approximately $630,000 worth of tokens on April 26 and another $930,000 on April 28. These sales have led to fears that the Melania project may follow a similar path to the controversial Libra ($LIBRA) token, which collapsed shortly after launch. The same wallet behind the Melania token launch was also linked to Libra, suggesting possible insider manipulation of both projects.

The Melania token’s price spike came amid a broader meme coin market trend in Q1 2025, where meme coins captured 27% of investor interest. However, despite the recent activity, confidence in the project remains low due to ongoing sell-offs and associations with previous scandals. Additionally, some large investors have bet against other meme tokens like Trump ($TRUMP), signaling further skepticism in the sector. The ongoing sales and lack of long-term value for $MELANIA continue to fuel doubts about its future.