The Melania meme coin team sold $1.5 million worth of tokens taking advantage of a 21% price rise.

Source: Cointelegraph Original text: “Melania Meme Coin team sold $1.5 million worth of tokens as the price surged by 21%”

According to blockchain data, the team behind the Official Melania Meme (MELANIA) token has sold over $1.5 million worth of tokens in the past 3 days, indicating that they have adopted a programmatic selling strategy, which may put downward pressure on the token.

The Melania meme coin team sold tokens worth $930,000 on April 28, having previously sold $630,000 just two days earlier.

The crypto intelligence platform Lookonchain pointed out that this sales model shows that they have adopted a dollar-cost averaging (DCA) strategy, which is an investment strategy of buying or selling a predetermined amount of an asset at fixed intervals. Lookonchain stated on April 28th on platform X:

“The Melania team not only sells MELANIA by adjusting liquidity, but they also use a DCA strategy for direct sales!”

Dollar Cost Averaging (DCA) is a strategy that involves investing a fixed amount of assets at regular time intervals, which investors often use to avoid emotional decision-making.

According to data from CoinMarketCap, despite the team selling off tokens, MELANIA has still achieved a rebound of over 21% in the past 7 days. However, its current price is still down about 96% from the historical high of $13.7 reached on January 20.

Meanwhile, some large investors are betting on the price drop of Official Trump (TRUMP) meme coin.

According to Lookonchain, a newly created whale wallet has deposited $1.33 million worth of USDC stablecoin and opened a short position with 2x leverage at a price level of $14.7. If the price of the TRUMP token rises above $21.50, this short position will face liquidation.

Meme coins became the second largest cryptocurrency investment theme in the first quarter of 2025, indicating that the market is still repeating past investment narratives.

According to CoinGecko’s quarterly research report, meme coins account for approximately 27% of global investor attention, while artificial intelligence (AI) tokens account for over 35%.

Bobby Ong, co-founder and COO of CoinGecko, stated in a post on the X platform on April 17: “It seems that there are currently no new investment themes emerging, and we are still continuing the trends of the past few quarters.”

However, the issuance of the TRUMP token and its disappointing performance may signal the end of the meme coin supercycle. The number of weekly active wallets on the meme coin issuance platform Pump.fun has sharply decreased from 2.85 million on January 20 to 1.44 million on March 31.

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