Melania Memecoin Group Sells $15 Million Token in Suspected Slow Rug Pull

According to the latest analysis from blockchain analyst EmberCN, the development team of the memecoin MELANIA, which is said to be associated with former First Lady of America Melania Trump, has been continuously dumping tokens on the market. In a post on platform X, EmberCN stated that the team behind this project has sold a total of 23.45 million MELANIA tokens in the past month, raising 110,000 SOL equivalent to 14.75 million USD. Sell anonymously through multiple community addresses and liquidity According to blockchain analysis data, sell transactions are made quietly through various addresses, including liquidity addresses and community wallets. Notably, not only selling directly on the exchange, the team also employs a strategy of arbitrarily adding and withdrawing liquidity from the MELANIA/SOL trading pair on Meteora, thereby draining SOL from the pool and putting selling pressure on the token price. In the latest sale on April 19, the team sold 2.95 million MELANIA for 9,009 SOL, equivalent to about 1.2 million USD. In just the last three days, they have sold a total of 7.643 million MELANIA. The price of MELANIA plummeted 96% after 90 days. As a result, the price of the MELANIA token is plummeting uncontrollably. From a peak of $13.73 on January 20, the price has dropped by 96% in just 90 days, currently standing at $0.3834, down an additional 5% in the past 24 hours – even though the overall market is quite stable. Meanwhile, other prominent memecoins like SHIB, PEPE, BONK, and Fartcoin have all recorded an average increase of 2%, indicating that MELANIA is experiencing a unique "run for the exits." TRUMP memecoin is also facing difficulties. Not only MELANIA, another memecoin from the PolitiFi group, TRUMP is also facing many concerns. Once reaching a peak of $75.35, this token is now only $8.14 after three months. Although there are signs of a slight recovery recently, the unlocking of 40 million TRUMP tokens worth over 300 million USD is raising concerns in the community about upcoming sell pressure. If this unlock falls into the hands of the development team, and if they choose to act similarly to the MELANIA team, the price of TRUMP could continue to plunge sharply. 🔍 Opinion: Be cautious with memecoins associated with celebrities and politics The current situation of MELANIA and TRUMP memecoin indicates high risks when investing in memecoin projects that involve political factors or famous personalities. The fact that the team behind has full control over liquidity and the amount of tokens held poses a significant danger to retail investors. Investors should closely monitor internal wallet addresses and liquidity activities, while being vigilant for signs of sell-offs such as sudden drops in liquidity or mass transfers of tokens to exchanges.