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Bittu
@bittu
Melania Meme Coin Team Sells $1.5M in Tokens, Sparking Downside Pressure Amid 21% Price Pump Large-scale token sales by the Melania memecoin team have intensified fears of insider dumping, even as the token briefly rallied. The Melania (MELANIA) meme coin has once again sparked concern as blockchain analysts uncovered that the team behind the token has sold more than $1.5 million worth of MELANIA over the past three days. The heavy selling, which follows a similar pattern observed over the past month, raises questions about insider rug-pulling and the future trajectory of the token. According to Lookonchain, the Melania team not only manipulated liquidity but also executed a calculated dollar-cost averaging (DCA) strategy to sell substantial amounts of tokens in small tranches, preventing sharp price crashes but maintaining consistent sell pressure.
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