- Melania team sold $4.2M in tokens using liquidity shifts via 8 wallets, pointing to coordinated offloading strategies.
- MELANIA has dropped by 28.32% in 30 days, with weak RSI and MACD indicators showing sustained bearish momentum.
- Strong sell volume near $0.45–$0.50 suggests uncertain support, despite temporary bounces and high token circulation.
Over the last 25 days, the Melania token team has reportedly sold over $4.2 million worth of its own token. According to Lookonchain, this was done through a strategy of adding and removing liquidity across eight different wallets.
In total, 6.72 million MELANIA tokens were sold in exchange for 34,168 SOL, pointing to coordinated movements. On April 10, at the time of writing, MELANIA was trading at $0.5151, down 0.69% in 24 hours.
The price drop extends further to 9.22% in the past week and 28.32% over the last 30 days. MELANIA’s market cap now stands at $277.99 million, down 0.29% during the same 24-hour period.
Weak Market Momentum
The MELANIA price had a 24 hour high of $0.85 before falling into a downward trend. The current price pattern shows consistent lower highs and lower lows, indicating sustained selling pressure.
However, the price bounced slightly from recent lows near $0.45, suggesting possible short term activity.
The RSI is at 41.45, slightly below its signal line at 41.63. This positioning indicates bearish momentum, though not yet in oversold levels. Multiple attempts to break above the 60 RSI level have failed in recent sessions, confirming a lack of strong bullish momentum.
The MACD line is -0.0180, slightly beneath the signal line of -0.0173, while the histogram sits at -0.0007. The bearish outlook remains in place, with both MACD lines staying below zero. A crossover has formed, though current volume and price action have not confirmed a reversal.
Volume Outlook and Support Levels
The volume has been having sharp spikes during major declines and brief recoveries. These moves often indicate liquidations followed by quick buy backs. This has placed extra focus on the support area between $0.45 and $0.50.Despite brief recoveries, MELANIA is facing uncertainty around support levels.
Volume is relatively high, with a 24 hour total of $22.58 million, down by 3.15% from the day before. The token’s fully diluted value is at $515.27 million. Circulating supply is 539.31 million out of a total 999.99 million tokens, showing just over half the supply is in circulation.
SOL Transactions for Strategic Positioning
The team’s consistent use of Solana for liquidity exits may indicate confidence in the blockchain’s rising value. At press time, Solana was trading at $116.18, a 9.90% 24 hour increase.
Its market cap has surged to $59.9 billion, while 24 hour trading volume increased by 16.44% to $6.59 billion. These trends show both the scale of the liquidity shift and Solana’s growing activity.
