- MELANIA insiders offloaded $8M via repeat LP pulls, triggering a 5% price drop.
- 92% of MELANIA supply is linked to insiders, raising major centralization risks.
- Price broke down from a triangle at $0.48 and has failed to reclaim key support.
The MELANIA token has dropped 5% over the past 24 hours amid mounting concerns around insider sales and aggressive liquidity shifts. New blockchain data highlights coordinated liquidity movements tied to wallets linked to the Melania team, raising fresh red flags.
Liquidity Adds and Pulls Point to Insider Selling
More than 13 million MELANIA tokens worth $8.02 million have been offloaded over the past month. In a post by Lookonchain, the group confirmed that insider-controlled wallets completed repeated liquidity adds and removals using SOL trading pairs.
Each entry involved near-identical MELANIA amounts, such as 1.2 million tokens per cycle, suggesting automated or tightly coordinated exits. Lookonchain stated in the post that wallet addresses like De4Yvwfvbh…i2rF7ribHG ran over five high-value LP adjustments in under 24 hours.
The largest recorded removal totaled $572,921, pairing 1,869 WSOL with over 732,000 MELANIA. Most liquidity shifts occurred through Solana-based DEXs, with no change in WSOL position, indicating MELANIA was the active asset dumped.
Control of Supply Raises Transparency Concerns
In the report by Bubblemaps, 50 million MELANIA tokens from the community fund were rerouted to insider-linked wallets. Analysts warn that 92% of MELANIA’s circulating supply may be under the control of just a few connected entities.
The report tied Hayden Davis, linked to last year’s LIBRA collapse, to suspicious MELANIA flows involving over $500,000 in token dumps. The wallet clustering analysis also uncovered repeated reuse of the same liquidity pathways.
Besides the concentration issue, the MELANIA team has not released an updated token distribution chart since February. This lack of transparency continues to damage credibility as investor sentiment wanes.
Technical Chart Confirms Breakdown From Bearish Structure
MELANIA/USDT currently trades at $0.413, sitting near the lower Bollinger Band on the 4-hour Kraken chart. Price action reflects a descending triangle pattern breakdown, with no sign of reversal since breaching $0.48 support.
The RSI sits at 36.29, nearing oversold territory but lacking bullish divergence. Momentum remains under bear control, with all recent candles closing below the 20-period moving average at $0.439.
The triangle support has not been retested since the April 14 breakdown. Price has dropped over 50% since March, with candles printing weak recovery attempts and volume steadily declining.
