MELANIA Token Faces Turbulence Amid Developer Sell-off
- Developers sell MELANIA tokens, impacting market value significantly.
- Token price crashes 97% since peak.
- Centralization concerns with 92% of supply controlled.
MELANIA token developers offloaded $18 million in tokens on April 19, 2025, causing significant market disruptions.
The event underscores concerns about token centralization and sustainability of memecoins amid heightened developer activity.
Developers Sell $18 Million in MELANIA Tokens
On-chain analysts revealed that the MELANIA token suffered severe market turbulence. Developers allegedly offloaded $18 million in tokens. This activity reportedly involves Hayden Davis, co-founder with ties to previous controversial token LIBRA.
Observers report systematic token selling from development wallets, capturing $14.75 million in total. Affected transactions show sophisticated selling via multiple wallets, potentially to minimize price impact.
“In the past 3 days, the $MELANIA project team has continued to transfer out 7.643 million $MELANIA tokens ($3.21M) from liquidity and community addresses, then added them to MELANIA/SOL one-sided liquidity on Meteora, selling $MELANIA within a set range for SOL. Of which, 2.95 million $MELANIA tokens were sold 7 hours ago for 9,009 SOL.”
MELANIA Tokens Plunge 97% From Peak
MELANIA’s value drastically dropped, plummeting 97% from its all-time high. Token centralization concerns emerged, with 92% of tokens in developer-controlled wallets. This significantly affects investor confidence and market stability.
The financial ramifications could be extensive, mirroring prior incidents with tokens like LIBRA. Concerns mount over transparency and ethical practices in cryptocurrency ecosystems.
Potential Regulatory Response to Token Mismanagement
Similar incidents, such as LIBRA’s crash, show a trend in token mismanagement. Expert analysts suggest potential regulations may emerge to address these market operations.
Data indicates possible further declines if development activities continue unchecked. Market analysts call for cautious monitoring of MELANIA’s trading, noting ongoing market pressures.
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