Memocoin Project, supported by Donald Trump’s wife Melania Trump, Melania, sold 34.457 million Melania tokens in the last month and a half. These sales are worth around $12.15 million, according to data from the on-chain analytics platform.
Since March 16, the project has transferred a total of 76.132 million Melania tokens from community and liquidity addresses to various wallets. Sales were then carried out using unilateral liquidity additions and DCA methods.
During this process, the project sold Melania tokens for SOL 244,000, raising approximately $35,218 million. The average selling price was calculated as $0.46. A portion of the obtained SOL was then sold again, and these assets were converted to USDC or transferred to centralized exchange (CEX).
Unlike Trump’s Memocoin, Melania has not been widely successful, but has also faced several fraud allegations. The total market capitalization is $199 million, with tokens trading 98.2% lower than their all-time high. At the time, the total market capitalization was over $1.5 billion.
*This is not investment advice.
