In an unexpected twist within the realm of meme cryptocurrencies, the digital currency project bearing Melania Trump’s name – also known by that name – has discreetly cashed out a substantial amount, estimated to be in the millions of dollars.
For the past eight days, the Melania project has distributed an additional 9.99 million MELANIA tokens, generating approximately $4.65 million in revenue. Their approach involves a combination of independent liquidity provision and a method called dollar-cost averaging (DCA), which they frequently employ.
Over the past eight days, the MEME project associated with Melania Trump has continued to sell 999 million units of $MELANIA (approximately $4.65 million) using a single-sided liquidity method and DCA (Dollar Cost Averaging).
Since March 16th, the Melania project team has transferred a total of 4,167.5 million units of $MELANIA from the community and liquidity addresses over a period of two weeks, then sold these by adding single-sided liquidity and DCA (Dollar Cost Averaging) methods.
— 余烬 (@EmberCN) May 3, 2025
But that’s just the recent chapter.
Starting from March 16, the project has transferred a total of 41.675 million MELANIA tokens from its Community and Liquidity wallets. These tokens were subsequently sold in a steady manner, utilizing single liquidity and Dollar Cost Average strategies, and were exchanged for approximately 170,000 SOL. The current value of these SOL is around $23.063 million. This equates to an average selling price per token of roughly $0.55.
What’s happening with all that SOL?
The team seems to be transforming SOL into USDC, transferring funds between networks, or simply withdrawing them. So far, there’s been no clear communication on their official social media about the purpose of these funds or the implications of this large-scale sell-off for the future of the token.
Initially, the Melania token garnered attention due to its famous namesake and connections, but recent actions have sparked doubts about the project’s future plans – perhaps suggesting it could be yet another celebrity-endorsed scheme disguised as a meme currency aimed at amassing wealth.
As of now, all eyes are on where those millions are headed next.
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2025-05-03 15:00