Regardless of the $18 million sale, MELANIA has shattered records.
Going Green with MELANIA: The Blockchain Score Big Time
In a twist of events, the Melania Trump-themed memecoin, MELANIA, has been raking in the dough for its team, with recent sales amounting to a whopping $5.4 million. According to reports, the team has offloaded approximately 12.7 million MELANIA tokens into the market [1].
Blockchain analytics firm EmberCN disclosed that the team employed an intriguing strategy to sell MELANIA tokens — unilateral liquidity addition to the MELANIA/SOL liquidity pool, followed by SOL withdrawals. As a result, the team has circulated 31.7 million MELANIA tokens, amassing a grand total of $18.4 million in revenue [1]. However, this profitable run raises eyebrows due to the team's absence in community communication, fueling whispers of internal profit-making schemes [1].
With a maximum supply set at 1 billion tokens and approximately 550 million in circulation, the team currently holds a hefty 35% of the total supply. The team initially released 10% of the tokens 30 days post-launch, with the remaining allocation doled out over the following 13 months [1].
Back in the Headlines: The TRUMP Table
Despite the ongoing sales, MELANIA has managed a respectable 15% increase in value over the past 24 hours [1]. The price climbed from $0.4536 to $0.5365, before dipping slightly to $0.5217, but it still recorded an impressive 30% weekly growth. Despite this, it's worth noting that this level falls shy of the team's average price for token sales, around $0.581 [1].
The primary motivator for this price hike was former U.S. President Donald Trump's announcement of an exclusive dinner with the top 220 TRUMP token investors [1]. This announcement triggered a ripple effect, positively impacting the MELANIA token as well.
Moreover, the broader crypto market is experiencing a positive surge. Bitcoin has breached $95,000, while Ether has shattered the $8,000 barrier; notable gains have also been noticed in significant altcoins like Solana, Sui, Chainlink, and BNB [1].
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Sources:
- Blockchain analytics firm EmberCN
- CoinMarketCap
- CoinGecko
- Glassnode
- Insights:
- The Melania Trump-themed memecoin, MELANIA, continues generating profits for its insiders through strategic token sales enabled by its tokenomic design and liquidity management techniques [1]. However, the lack of transparency from the team sparks concerns and speculation among investors, with some viewing these sales as indicative of insider trading or a 'rug pull' attempt [1].
- The controlled token unlocking and selling strategy adopted by the team allows them to systematically convert tokens into SOL, extract value over time, and maintain liquidity, mitigating the risk of a severe price crash [1].
- The apparent absence of community support, meaningful use cases, and open dialogue from the team poses challenges for MELANIA's long-term success and sustained growth [1]. Rather than being solely reliant on speculation, MELANIA requires a strong, engaged community to thrive and appreciate in value [1].
- Despite the controversy surrounding MELANIA, the team's strategic moves have proved lucrative, with the memecoin's worth surpassing $18.4 million due to liquidity addition and SOL withdrawals [1].
- In the cryptocurrency realm, Bitcoin, like MELANIA, has prospered, breaching the $95,000 mark, while Chainlink, Solana, Sui, and BNB have also recorded significant gains [1].
- As Melania Trump's memecoin continues its profitable journey, the next big event on the horizon is former U.S. President Donald Trump's dinner with top TRUMP token holders, which may be a boon for MELANIA's value [1].
