Melania Memecoin Team Pumps, Dumps, and Adds Some Sarcasm to the Crypto Circus

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The brilliant masterminds behind the Official Melania Meme (MELANIA) token—let’s call them “The Team of Financial Wizardry”—decided to sell over $1.5 million worth of tokens in just three days. Is this a genius move or a well-timed way to make you regret your life choices? Who’s to say, really?

In another twist of the plot, they offloaded another $930,000 worth of tokens on April 28, barely two days after unloading $630,000. Yes, you read that right—because apparently, when you’re selling things, timing is everything. The blockchain data sure didn’t miss a beat with this information.

What are we looking at here? A programmatic selling strategy? Maybe. A self-inflicted wound to the token? Also maybe. According to the crypto detectives at Lookonchain, they appear to be employing a strategy called dollar-cost averaging (DCA)—which is just a fancy way of saying, “let’s slowly sell this stuff while pretending we know what we’re doing.” Here’s their take:

“The #Melania team didn’t just add or remove liquidity to sell $MELANIA, they also employed a DCA strategy for direct sales!”

For those not yet bored to tears by financial jargon, DCA is a strategy where you invest (or sell) small amounts of an asset at regular intervals. The idea is to reduce the emotional chaos of decision-making—unless, of course, you’re watching the price of MELANIA crash and thinking, “I’m not sure what’s worse, this or my internet search history.”

Despite the flurry of selling, MELANIA actually managed to put on a decent performance, surging over 21% in the past week. But don’t get too excited—it’s still about 96% below its high of $13.7, recorded way back on January 20th, when the world was busy wondering if the whole planet was going to spontaneously combust. Ah, memories. According to CoinMarketCap data, the token has a long way to go if it plans to make any meaningful comeback.

Meanwhile, elsewhere in the magical world of memecoins, some whales (those mysterious creatures who think $1.33 million is pocket change) are betting on the price of the Official Trump (TRUMP) memecoin to take a dive. These brave souls have decided to go short, leveraging their position with 2x the risk, because, hey, who doesn’t love a little drama with their financial decisions?

Apparently, the short position will get liquidated if the Trump token’s price exceeds $21.50, which…could happen, or maybe not. You know, typical crypto stuff.

Memecoins: The Overachievers of Q1

In the first quarter of 2025, memecoins were the second-most dominant cryptocurrency narrative. Yes, folks, while everyone else was getting all excited about AI tokens, memecoins still managed to capture a solid 27% of the global investor mindshare. Because who needs stable investments when you could throw money at something named after a meme?

Bobby Ong, the co-founder and COO of CoinGecko, summed it up perfectly when he said, “We’re still following the same old trends, because clearly, new ideas are overrated.”

But, and

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2025-04-28 11:39