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Analysis: The MELANIA Token worth over 30 million USD was "quietly sold off" by its team.
BlockBeats news, on April 8th, according to blockchain analysis company Bubblemaps, over $30 million worth of Meme coin MELANIA has been transferred and is currently “quietly dumping,” with no explanation provided by the team. A total of 50 million MELANIA (approximately $30 million) was transferred from community funds to wallet Cq2Tj6, then distributed to multiple addresses: • Two new positions of $6 million were opened; • Over $3 million was sent to trading platforms; • Tokens worth $500,000 have been sold. No one from the MELANIA team has responded to this. No explanation for the fund transfer. No explanation for the dumping behavior. Bubblemaps reminds that the MELANIA team wallet holds 92% of the supply.