The team behind the Melania memecoin (MELANIA) appears to be steadily offloading their holdings, selling over $1.5 million worth of tokens across the past three days.
Blockchain data shows that the team sold $630,000 on April 26, followed by another $930,000 two days later, suggesting a deliberate strategy rather than a one-time exit.
According to crypto analytics platform Lookonchain, the pattern hints at a dollar-cost averaging (DCA) approach — a method typically used to minimize market impact by spreading out trades over time. Instead of dumping liquidity in one large move, the MELANIA team seems to be selling in smaller, controlled batches.
Despite the sell pressure, MELANIA has managed a modest rebound, gaining 21% over the past week. However, it still trades 96% below its peak price of $13.70, reached in January around President Donald Trump’s inauguration anniversary, according to CoinMarketCap.
Meanwhile, attention has shifted to another politically themed token. A newly created whale wallet has opened a $1.33 million short position against the Official Trump (TRUMP) token, betting on its decline. If TRUMP’s price climbs above $21.50, the leveraged short would face liquidation.
Memecoins remain a dominant force in the crypto landscape, ranking as the second-largest sector by market activity during the first quarter of 2025.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/melania-token-team-quietly-dumps-millions-while-prices-struggle/