Melania's Meme Coin Initiative Recognizes $9.9 Million in $MELANIA Sales, Aggregating a Value of $4.65 Million
In an unexpected twist, the Melania-named crypto project has managed to swipe a fortune of around $28.7 million through smart selling strategies. Over the past eight days, an additional 9.99 million $MELANIA tokens were dumped, netting around $4.65 million. Their secret weapons? Unilateral liquidity provision and dollar-cost averaging (DCA).
But that's just the tip of the iceberg. Since March 16, the project has moved an eyebrow-raising 41.675 million $MELANIA tokens out of its Community and Liquidity wallets, raking in 170,000 SOL, valued at a staggering $23.063 million. That's roughly $0.55 per token.
So, what's happening to all that SOL?
The suspense doesn't end there. It seems the team is converting the SOL into USDC, moving funds across chains or making straight-up withdrawals. As of now, there's no official word on the project's social channels about the purpose of these funds or what this massive sell-off means for the token's future.
Initially hyped due to its namesake and high-profile connections, these moves stir up questions about the project's long-term vision. Some speculate it could be a celeb-backed cash grab under the guise of a meme coin.
Now, all eyes are on where those millions will go next.
Also read: "Trump, Melania ETFs...Who Will Buy That?" Jokes Eric at TOKEN2049
Insights:
The Melania crypto project has converted $23M worth of MELANIA tokens into 170,000 SOL through strategic sales since March 16, 2025[1][3]. Available information suggests two primary uses for these SOL funds:- Conversion to stablecoins: The team appears to be selling the SOL gradually to convert it into USDC, then transferring these funds to other blockchains or withdrawing them[3].- Liquidity management: The project employs dollar-cost averaging (DCA) and unilateral liquidity strategies, possibly for token price stabilization or treasury reserve maintenance[1][4]. No definitive evidence confirms specific expenditures like development or marketing. The focus remains on systematic liquidation and liquidity control to minimize market impact[3][4]. The token’s price has plummeted 97.1% from its January 2025 peak due to these sell-offs[3].
- The Melania crypto project has been pocketing a significant amount from selling its $MELANIA tokens, with an estimated $28.7 million and an additional $4.65 million in the past eight days alone.
- They have been using unilateral liquidity provision and dollar-cost averaging (DCA) as their secret weapons, and have converted a staggering $23.063 million worth of SOL from these sales.
- The question now is what the team plans to do with this large sum, as they have been converting the SOL into stablecoins or withdrawing them, with no official announcement regarding the purpose or implications for the token's future.
- The project's moves have sparked speculation that it could be a celebrity-backed cash grab, given its initial hype and high-profile connections.
- In a twist of irony, the entertainment and pop-culture world has been discussing the disheartening financial situation of celebrities and investing in ETFs named after famous figures like Trump and Melania, while this crypto project has managed to amass a fortune by selling its namesake token.
