{"id":24101,"date":"2025-04-28T08:31:31","date_gmt":"2025-04-28T08:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24101"},"modified":"2025-04-28T08:31:31","modified_gmt":"2025-04-28T08:31:31","slug":"melania-memecoin-team-sells-1-5m-tokens-as-price-pumps-21","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24101","title":{"rendered":"Melania memecoin team sells $1.5M tokens as price pumps 21%"},"content":{"rendered":"
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\"Melania<\/p>\n

The team behind the Official Melania Meme (MELANIA) token sold more than $1.5 million of tokens over the past three days, suggesting a programmatic selling strategy that may add downside pressure to the token.<\/p>\n

The team behind the Melania memecoin sold another $930,000 worth of tokens on April 28, two days after selling $630,000, according to blockchain data.<\/p>\n

The selling patterns point to dollar-cost averaging (DCA)<\/a>, an investment strategy used to buy or sell a predetermined amount of an asset at fixed times, according<\/a> to crypto intelligence platform Lookonchain. It flagged the activity in an April 28 post on X, writing:<\/p>\n

\u201cThe #Melania team didn\u2019t just add or remove liquidity to sell $MELANIA, they also employed a DCA strategy for direct sales!\u201d<\/p><\/blockquote>\n

\"Melania
Source: <\/em>Lookonchain<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Libra, Melania creator\u2019s \u2018Wolf of Wall Street\u2019 memecoin crashes 99%<\/strong><\/em><\/a><\/p>\n

The DCA strategy involves investing a certain amount of funds in an asset at regular intervals, often employed by investors to manage emotional decision-making.<\/p>\n

\"Melania
MELANIA\/USD, all-time chart. Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n

Despite the team\u2019s selling, MELANIA staged an over 21% recovery during the past seven days, but remains around 96% below its all-time high of $13.7 recorded on Jan. 20<\/a> \u2014 the date of US President Donald Trump\u2019s inauguration\u00a0\u2014 according to CoinMarketCap<\/a> data.<\/p>\n

Meanwhile, some large investors are betting on the Official Trump (TRUMP) memecoin\u2019s price decline.<\/p>\n

\"Melania
Source: <\/em>Lookonchain<\/em><\/a><\/figcaption><\/figure>\n

A newly created whale wallet deposited $1.33 million worth of USDC (USDC<\/a>) stablecoins to open a short position with 2x leverage at $14.7. The short would be liquidated if the Trump token\u2019s price rises above $21.50, according<\/a> to Lookonchain.<\/p>\n

Related: <\/strong><\/em>Bitcoin still on track for $1.8M in 2035, says analyst<\/strong><\/em><\/a><\/p>\n

Memecoins were the second-biggest crypto sector in Q1<\/h2>\n

Memecoins were the second-most-dominant cryptocurrency investment narrative in the first quarter of 2025, reflecting that the market is still recycling old narratives.<\/p>\n

\"Cryptocurrencies,
AI tokens, memecoins, were leading crypto narratives in Q1 2025: CoinGecko<\/em><\/figcaption><\/figure>\n

Memecoins captured around 27% of the global investor mindshare, while artificial intelligence<\/a> tokens held over 35%, according<\/a> to a quarterly research report by CoinGecko.<\/p>\n

\u201cSeems like we have yet to see another new narrative emerge and we are still following past quarters\u2019 trends,\u201d said Bobby Ong, the co-founder and chief operating officer of CoinGecko, in an April 17 X post<\/a>.<\/p>\n

\"Melania
Pump.fun usage metrics. Source: Binance research <\/em>report<\/em><\/a><\/figcaption><\/figure>\n

However, the launch of the TRUMP token and its disappointing performance may have marked the end of the memecoin supercycle<\/a>, which saw the weekly usage activity on memecoin launchpad Pump.fun stage a significant decline \u2014 from 2.85 million active wallets on the week of Jan. 20, to just 1.44 million as of March 31.<\/p>\n