The Token team Melania sold coins for $ 36 million

Developers of the Official Melania Meme (Melania), released by the US President Donald Trump, over the past four months, sold 82.18 million Mlania for almost 245 thousand SOLs (more than $ 36 million at the current rate). As Lookonchain wrote in the X analysts, the volume of crypto acts sold amounted to more than 8.2% of all existing Melania tokens, reports RBC Crypto.

Melania was launched almost simultaneously with the Official Trump (Trump) token – in anticipation of Trump’s inauguration on January 20, 2025. Both tokens recorded a significant price fall. From the peak of the price of January 20, token fell by almost 98.5%, to $ 0.21 by June 25, according to CoinmarketCap. In turn, Trump’s quotes fell by almost 88% of the peak on January 19, to $ 9.2.

Blockchain technology, on the basis of which memcoids are launched, allows analysts from anywhere in the world to monitor all operations with tokens online, comparing these addresses of the team, their actions and other players in the market.

“Most of the Melania tokens were sold by adding and removing liquidity,” said Lookonchain, bearing in mind that this is not a direct sale, as is the case on exchanges, but by adding assets to the liquidity pool.

This means that the owners first placed Melania in the pools of the exchange with SOL, creating the appearance of activity and support of the market, and then removed liquidity, taking the invested SOL and thus fixing the profit. The SOLSCAN blockchain observer shows several operations with the Remove Liquidity function associated with the token address.

According to Bubblemaps analytical company (as April), the Melania team controlled more than 92% of all tokens with which it skillfully speculated on decentralized exchanges.

“50 million Melania [$30 млн на дату сообщения 7 апреля] were transferred from the community funds to the CQ2TJ6 wallet, and then distributed to several addresses. Two new positions of $ 6 million were opened. More than $ 3 million was sent to exchanges, ”Analysts from Bubblemaps have given an example of the Melania team.

Production of memcoirs

Despite the similar level of falling quotes with Trump, the Melania token launched a different team from which entrepreneur Haiden Davis stands. He is also known for the participation in the launch of the scandalous Memicine Libra, which was originally supported by Argentina President Javier Miley.

Libra cryptocurrency was launched in mid -February. Miley contributed to its advancement, which increased confidence in the coin from investors. The Libra course for several hours increased by more than 4000% and after about 95% collapsed. Later, Miley refused to support token. Miley was on the verge of impeachment due to memicin. What it was

However, the scandal with Libra did not touch Melania – in addition to the fact that the trade activity around the token gradually decreased. According to CoinmarketCap on June 25, the total trading volumes dropped below $ 10 million, while when launching the indicator exceeded $ 5.6 billion.

It is possible that the reason for continuing the speculation in the memcroning market was the lack of regulation of cryptocurrencies in this sector. So, for example, at the end of February, the main financial regulator in the United States represented by the securities and exchanges commission (SEC) issued a statement that memcoirs do not fall under the definition of securities. This means that their release and sale do not require registration, and buyers of such assets are not protected by US federal laws on securities.

“There is nothing better than losing money to learn and understand that the SEC and regulators do not take responsibility for these memcoids,” said Katti Wood, the famous supporter of bitcoin and cryptocurrencies, in March.

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