MELANIA Meme Coin Wallets Dump $4.6 Million Worth of Tokens as Price Slides

The Solana-based memecoin MELANIA, named after US First Lady Melania Trump, is under growing scrutiny after a series of large token sales linked to the project’s team. On May 3, blockchain researcher EmberCN revealed that project-linked wallets offloaded nearly 10 million MELANIA tokens in just eight days. MELANIA-Linked Wallets Offload $23 Million in Tokens Since March These sales amounted to nearly $4. 6 million, raising strong concerns over the project’s long-term viability and team motives source: https://beincrypto.com/melania-wallets-unload-10m-tokens-in-a-week/