The cryptocurrency project MELANIA has experienced substantial price volatility following disclosures of significant token disposals by its development team and growing skepticism about the token’s long-term utility. Team members sold 82.18 million MELANIA tokens, representing 8.22% of total supply, over four months through 44 separate wallets.
These disposals netted approximately $35.68 million using transaction methods that disguised the scale of sell-offs. The actions occurred despite a liquidity partnership with market maker Wintermute designed to stabilize trading conditions.
MELANIA’s market value subsequently declined 59% over 60 days, reaching an all-time low of $0.2069. The token lacks functional utility or a published development roadmap, positioning it purely as a speculative meme-based asset without substantive use cases.
Early community enthusiasm fueled by viral marketing has shifted to widespread skepticism, with investors questioning the project’s viability and transparency. This downturn highlights persistent risks in meme coin investments lacking fundamental value propositions.
The situation underscores the critical importance of due diligence regarding tokenomics and team integrity when navigating volatile cryptocurrency markets.