Melania Insiders Cash Out $35M in Tokens Amid 98% Price Collapse – Exit Before the Crash?
Another day, another crypto bloodbath—but this one stings differently. Melania-linked wallets just executed a mass exodus, dumping $35 million worth of tokens into a freefalling market. The project's valuation? Now clinging to life at 98% below peak.
Who needs insider trading laws when you've got celebrity-backed tokens? The usual playbook unfolds: early backers sprint for the exits while retail investors hold the bag. Remember folks—in crypto, the 'whales' always eat first.
This isn't volatility—it's arithmetic. When insiders liquidate eight-figure positions into thin liquidity, the only mystery is why anyone's surprised by the resulting crater. The real token utility? Funding Lamborghinis for the inner circle.
Melania Token Sales (Source: Lookonchain)
Notably, concerns about insider trading first emerged in March when wallets associated with the MELANIA project reportedly moved 31.685 million tokens from community and liquidity pools within a month.
Since then, the team has gone on a consistent selling spree that has exerted significant downward pressure on the asset’s value.
According to CryptoSlate’s data, MELANIA’s token price has since plummeted by over 98%, falling from a peak of more than $13 earlier this year to just above $0.20 at press time.
Meanwhile, hopes of the project’s team cutting their selling activity remain slim because blockchain data provider Bubblemaps reported that over 90% of the MELANIA token supply is held by wallets suspected to belong to the project’s insiders.
