Source: Cointelegraph
Original: “Melania Meme Coin Team Sells $1.5M Tokens Amid 21% Price Surge”
According to blockchain data, the team behind the Official Melania Meme (MELANIA) token has sold over $1.5 million worth of tokens in the past three days, indicating that they have adopted a programmatic selling strategy that may exert downward pressure on the token.
The Melania meme coin team sold $930,000 worth of tokens on April 28, following a sale of $630,000 in the previous two days.
Crypto intelligence platform Lookonchain pointed out that this selling pattern shows they are employing a dollar-cost averaging (DCA) strategy, which is an investment strategy of buying or selling a predetermined amount of an asset at regular intervals. Lookonchain stated on April 28 on the X platform:
“The Melania team is not only selling MELANIA by adjusting liquidity, but they are also using a DCA strategy for direct sales!”
The dollar-cost averaging (DCA) strategy refers to investing a fixed amount of an asset at regular time intervals, which investors often use to avoid emotional decision-making.
According to CoinMarketCap data, despite the team selling tokens, MELANIA has still achieved a rebound of over 21% in the past seven days. However, its current price is still down about 96% from the historical high of $13.7 set on January 20.
Meanwhile, some large investors are betting on a decline in the price of the Official Trump (TRUMP) meme coin.
According to Lookonchain, a newly created whale wallet deposited $1.33 million worth of USDC stablecoin and opened a short position with 2x leverage at the $14.70 price level. If the TRUMP token price rises above $21.50, this short position will face liquidation.
Meme coins have become the second-largest cryptocurrency investment theme in the first quarter of 2025, indicating that the market is still repeating past investment narratives.
According to CoinGecko's quarterly research report, meme coins account for about 27% of global investor attention, while artificial intelligence (AI) tokens account for over 35%.
Bobby Ong, co-founder and COO of CoinGecko, stated in a post on the X platform on April 17: “It seems that there are no new investment themes emerging; we are still continuing the trends of the past few quarters.”
However, the issuance of the TRUMP token and its disappointing performance may signal the end of the meme coin supercycle. The number of weekly active wallets on the meme coin issuance platform Pump.fun has significantly dropped from 2.85 million on January 20 to 1.44 million on March 31.
Related: U.S. Senator Calls for Impeachment of Trump Over "Meme Coin Dinner" Incident
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