In a surprising turn of events from the world of meme tokens, Melania Trump’s crypto project — named after her — has quietly pulled off a multi-million-dollar cashout.
Over the past eight days alone, the Melania project has offloaded another 9.99 million $MELANIA tokens, pocketing around $4.65 million. The strategy? A mix of unilateral liquidity provision and dollar-cost averaging (DCA), which seems to be their go-to playbook.
But that’s just the recent chapter.
Since March 16, the project has moved a total of 41.675 million $MELANIA tokens out from its Community and Liquidity wallets. These tokens were then gradually sold, again using unilateral liquidity and DCA methods, in exchange for 170,000 SOL, currently worth a whopping $23.063 million. That averages out to a per-token selling price of about $0.55.
What’s happening with all that SOL?
It doesn’t end there. The team appears to be converting the SOL into USDC, moving the funds across chains or making straight-up withdrawals. So far, there’s been no formal explanation on the project’s social channels about how these funds are being used, or what this massive sell-off means for the future of the token.
While the Melania token grabbed early hype for its namesake and high-profile associations, these moves raise questions about the project’s long-term vision — or whether it’s just another celeb-backed cash grab dressed as a meme coin.
As of now, all eyes are on where those millions are headed next.
Also Read: “Trump, Melania ETFs..Who Will Buy That?” Jokes Eric at TOKEN2049
