<ul data-eligibleForWebStory="true"><li>MELANIA coin has seen a 39% drop in value due to executives offloading 8.22% of the coin's supply for $35.7 million in Solana (SOL), leading to doubts about transparency and trust among investors.</li><li>Sell-offs by insiders and an ongoing unlock schedule have further contributed to MELANIA coin's price decline, with 620 million tokens circulating out of nearly 1 billion total.</li><li>The collapse of MELANIA coin is reminiscent of Donald Trump's meme coin, highlighting the risks associated with celebrity-backed cryptocurrencies lacking tangible utility.</li><li>The volatility of celebrity-endorsed meme coins like MELANIA underscores the importance of thorough research and caution before investing, as they are susceptible to manipulation.</li></ul>

Melania Scandal: 39% Drop Hits Melania Trump Coin as Big Holders Exit

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