• The MELANIA team dumped over 8% of the token’s total supply in four months. 
• The selling pressure has shed over 90% of the token’s value, with no signs of recovery. 

Since January, Official Melania Meme [MELANIA] has been in free fall with no relief in sight. It has shed over 90% in the past five months, dropping from over $14 to $0.2. 

Since May, the memecoin has dropped 60%, hitting new lows, but the sharp decline has stabilized near $0.20.

A major factor behind the sell-off appears to be heavy token dumping by the project’s team.

Over the past four months, the project’s team has reportedly sold more than 80 million MELANIA tokens, equivalent to approximately 8.12% of the total supply.

This added up to over $35 million withdrawn from the memecoin’s liquidity. 

Still, the team controlled a large stash of the memecoin. Notably, the top 10 holders manage nearly 90% of the overall supply (893 million tokens), further exposing late buyers to the whims of the project’s team actions. 

Apart from April and early May, the memecoin hasn’t enjoyed a strong rebound or buying pressure, despite a strong relief rebound in early Q2. 

During the same period, trading volume on DEXes plummeted from nearly $12 million to under $2 million—an 83% drop that highlights the waning market interest in the memecoin.

The disinterest wasn’t surprising given the team’s action and allegations leveled against Trump’s family crypto empire.

According to some Democrat lawmakers, Trump has allegedly made over $450M from TRUMP and MELANIA memecoins. 

That said, CoinGlass’ 7-day liquidation heatmap showed that the memecoin print price swings above $0.2 in the near term.

At press time, the map indicated a pool of liquidity and magnetic zones at $0.19-$0.204 on the lower side of price action. 

On the upper side of price action, another liquidity pool was located between $0.222 and $0.228. This meant potential price swings on either side during liquidity-driven moves. 

In conclusion, MELANIA has bled to nearly zero since its debut, as the team dump on holders non-stop.