BlockBeats News, May 3rd. According to on-chain analyst Yu Jin's monitoring, over the past 8 days, Melania, the MEME project of former First Lady Melania Trump, has continued to sell 9.99 million MELANIA tokens (worth $4.65 million) through one-sided liquidity provision and DCA.
Since March 16th, the Melania project team has transferred a total of 41.675 million MELANIA tokens from Community and Liquidity addresses in a month and a half, then converted them into 170,000 SOL by adding one-sided liquidity and selling through DCA. The value reached $23.063 million, with an average selling price of $0.55. They will then gradually sell the SOL and convert it to USDC to bridge to other chains or for cash withdrawal.
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