Melania Memecoin Developers Offload $15M in Tokens Amid Allegations of Gradual Exit Scam
The team behind Melania Memecoin has reportedly liquidated approximately $15 million worth of tokens, sparking suspicions of a coordinated slow rug pull. Market observers noted unusual wallet movements and sustained sell pressure over several days, consistent with deceptive withdrawal strategies. Blockchain analysts are tracing the fund flows while investors assess the project’s remaining liquidity. This incident highlights the persistent risks in unregulated meme token markets, where developers can manipulate supply dynamics. Regulatory bodies may scrutinize the transaction patterns for potential securities violations or fraudulent activity under financial statutes.
MELANIA heading to zero in free fall as TRUMP struggles
With the team dumping MELANIA, the token value has also been declining. According to CoinMarketCap, it peaked at $13.73 on January 20 and has been in decline since then, with a 23% fall in the past week and a 96% drop in 90 days.
The token is now down to $0.3834 and has fallen 5% in the past 24 hours despite general market stability. Most of the other major memecoins, including SHIB, PEPE, BONK, and Fartcoin, have actually performed better within the category, seeing an average increase of 2% in the price.
However, not all memecoins are performing well. Another PolitiFi memecoin that has been struggling is the TRUMP official memecoin. The token, which peaked at $75.35, is now down to $8.14 after three months.
Although TRUMP has seen some resurgence in value, the recent unlocking of 40 million tokens worth over $300 million raises further concerns about whether its price will hold. Generally, token unlocks are bearish as they increase the circulating supply and create selling pressure for the token.
With the unlock going to the team, the team’s decision will likely determine the price direction. Any sell-off similar to what MELANIA is experiencing could cause its price to fall further.
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