The team behind the official Melania Meme (Melania) Token has proposed a programmatic sales strategy that could potentially put down a shortcoming pressure on the tokens by selling over $1.5 million in tokens over the past three days.
According to blockchain data, the team behind Melania Memocoin sold another $930,000 worth of tokens on April 28, two days after selling $630,000.
According to Crypto Intelligence Platform lookonchain, sales patterns refer to dollar cost averages (DCA). I flagged the activity in a post on X April 28th.
“The #Melania team not only added or removed liquidity to sell $Melania, but also adopted a DCA strategy for direct sales!”
Related: Libra, Melania creator “Wolf on Wall Street” Memocoin crashes 99%
DCA strategies involve investing a certain amount of money in assets on a regular basis, which investors often employ to manage emotional decisions.
Despite the team’s sales, Melania has recovered more than 21% in the past seven days, but is about 96% below the all-time high of $13.7 recorded on January 20th (President Donald Trump’s inauguration day), according to CoinmarketCap data.
Meanwhile, some large investors are betting on the price drop of official Trump (Trump) memo coins.
The newly created whale wallet opened a short position with $1.33 million worth of USDC (USDC) stubcoin leverage of $14.7. According to LookonChain, shorts will be settled if the card token price exceeds $21.50.
Related: Bitcoin is still on track for $1.8 million in 2035, analysts say
Memecoin was the second largest crypto sector in the first quarter
MemeCoins is the second-most dominant cryptocurrency investment narrative in the first quarter of 2025, reflecting the market is still recycling old stories.
According to Coingecko’s quarterly research report, MemeCoins won around 27% of global investors Mindshare, while artificial intelligence tokens accounted for more than 35%.
“It appears that another new story hasn’t appeared and we’re still following trends over past quarter trends,” said Bobby Ong, co-founder and chief operating officer of Coingecko, in the X-Post on April 17th.
However, the launch of the Trump Token and its disappointing performance could have marked the end of Memecoin Supercycle, which saw the weekly activity used in the Memecoin Launchpad Pump.
https://www.youtube.com/watch?v=TVMMJ6RR4SO
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