MELANIA Crashes 90% Following 8% Supply Dump – Can This Memecoin Bounce Back?

Another day, another memecoin bloodbath. MELANIA just got rug-pulled harder than a Persian carpet—plummeting 90% after a sudden 8% supply dump. Was this a coordinated dump-and-pump, or just another 'vibes-based' asset meeting its inevitable fate?

Supply Shock or Exit Scam?

The tokenomics looked shaky from the start—no locking, no vesting, just pure degenerate speculation. Now holders are left staring at charts flatter than Web3's moral compass.

Recovery Odds: Slim or None?

History says memecoins rarely recover from 90% drawdowns. But in crypto, irrationality has a longer shelf life than milk. If the devs pull some magic burns or celebrity tweets materialize, stranger things have mooned.

Final Thought: This is why we can't have nice things. The market keeps rewarding these vaporware projects while actual builders fight for scraps. Maybe MELANIA will rise again—or maybe it'll join the 99% of tokens destined for CoinGecko's graveyard.

Source: MELANIA/USDT, TradingView 

MELANIA team’s dumping spree

Over the past four months, the project’s team has reportedly sold more than 80 million MELANIA tokens, equivalent to approximately 8.12% of the total supply.

This added up to over $35 million withdrawn from the memecoin’s liquidity. 

Still, the team controlled a large stash of the memecoin. Notably, the top 10 holders manage nearly 90% of the overall supply (893 million tokens), further exposing late buyers to the whims of the project’s team actions. 

Apart from April and early May, the memecoin hasn’t enjoyed a strong rebound or buying pressure, despite a strong relief rebound in early Q2. 

During the same period, trading volume on DEXes plummeted from nearly $12 million to under $2 million—an 83% drop that highlights the waning market interest in the memecoin.

Source: SolScan

The disinterest wasn’t surprising given the team’s action and allegations leveled against Trump’s family crypto empire.

According to some Democrat lawmakers, TRUMP has allegedly made over $450M from TRUMP and MELANIA memecoins. 

That said, CoinGlass’ 7-day liquidation heatmap showed that the memecoin print price swings above $0.2 in the near term.

At press time, the map indicated a pool of liquidity and magnetic zones at $0.19-$0.204 on the lower side of price action. 

Source: CoinGlass

On the upper side of price action, another liquidity pool was located between $0.222 and $0.228. This meant potential price swings on either side during liquidity-driven moves. 

In conclusion, MELANIA has bled to nearly zero since its debut, as the team dump on holders non-stop.