According to data Lookonchain analytical platform, from February to June, the Melania team after 44 controlled cryptocurrencies sold tokens for an amount equivalent to 244,934 SOL, which amounted to $ 35.76 million.
Lookonchain experts drew attention to the fact that memcoirs were sold not through the open market, but by adding and removing liquidity in the pools. As a result of the manipulations, the Melania token lost more than 98% of the January peak of $ 13.73, to $ 0.20, which caused suspicion of manipulations.
Commenting on the observations of Lookonchain, Bubblemaps platform analyst at Adezhumo Oluwalepumi Adejumo notedthat more than 90% of Melania tokens still remain under the control of insiders, which should signal potential investors about the unpreparedness of the project to long -term prospects.
Earlier, Senator Elizabeth Warren and Congressman Jake Auchinkloss expressed extreme concern for the fact that Trump and Melania memorials allow the Donald Trump family to earn on his presidency and make a profit.
Source: Bits
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