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MELANIA Token Plummets 90% Amid Team Sell-Off, Recovery Prospects Dim
MELANIA Token Plummets 90% Amid Team Sell-Off, Recovery Prospects Dim
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BTCCSquare news:
The MELANIA memecoin has suffered a catastrophic 90% decline since January, with its value collapsing from over $14 to a mere $0.20. The freefall shows no signs of abating, as the project's team dumped 8.12% of the total supply—80 million tokens worth $35 million—over four months.
Liquidity erosion accelerated as trading volume cratered 83% to under $2 million, reflecting evaporating market interest. The top 10 holders still control nearly 90% of the supply, creating asymmetric risk for late entrants. While the token found temporary footing NEAR $0.20 in May, the absence of meaningful buying pressure suggests this may be a dead cat bounce rather than a true bottom.
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