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The team behind the Melania memecoin is suspected of executing a slow rug pull after dumping $15 million worth of tokens over several weeks. Blockchain analyst EmberCN revealed that 23.45 million MELANIA were sold via community and liquidity wallets. The token has plunged 96% since its peak and continues to decline despite overall market stability. The sell-off raises concerns about the project's future and highlights risks with PolitiFi tokens.
#Melania RugPull #Memecoin CryptoNews #Web3