<ul data-eligibleForWebStory="true"><li>The MELANIA token team strategically sold off over 82 million tokens, cashing out approximately $35.76 million by distributing them across 44 wallets to avoid detection.</li><li>This massive sell-off has led to a significant drop of over 60% in MELANIA's price over the last 60 days, sparking concerns about transparency and insider activities within the project.</li><li>The team executed the sell-off by placing open market sell orders, adding and removing liquidity on exchanges discreetly to convert tokens into approximately 244,934 SOL.</li><li>The project's credibility has been questioned following this insider sell-off, adding to previous concerns about transparency and intentions. The token's price has fallen by 5.5% in the last 24 hours, with weekly and monthly prices down by 16.6% and 39.5% respectively.</li></ul>

MELANIA Price Dumps 60% As Team Cashes Out $35.7 Million

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