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Melania Token Sell-off Intensifies: Over 8% of Supply Dispersed in 4 Months
The Melania team has continued to sell off tokens. Over the last four months, the developers of the meme coin MELANIA have sold more than 82.18 million tokens, which accounts for 8.22% of the total supply. These sales were carried out through 44 wallets, with a total output of 244,934 SOL, roughly valued at $35.76 million. A notable portion of the tokens was liquidated via adding and removing liquidity.
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AI Analysis
The recent activity of the Melania team indicates a significant sell-off, with over 82 million tokens moved within four months. This sizable liquidation, equating to approximately 8.22% of the total c...
AI Recommendation
Investors should exercise caution given the recent heavy insider selling activity, which could exert downside pressure on the token’s price. It is advisable to monitor the token's price action closely...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
