Melania Trump's Meme Coin Token Liberation and its impact on the market. Chain analysis raises concerns about the credibility of the project.
Starting from February 20th, approximately 3% of the total supply of Melania token (MELANIA) worth $39 million will be liberated. Initially allocated to the MELANIA team, according to token distribution rules, 10% of the team’s tokens will be freed 30 days after launch. Melania token was launched on January 20th, coinciding with Trump’s inauguration. Token liberation typically increases the circulating supply, leading to potential selling pressure and price fluctuations. Currently, Melania token has depreciated over 90% since launch, reaching $1.43. Chain analysis suggests that the creators of Melania and LIBRA tokens, an Argentine meme coin that recently crashed, may be the same, raising concerns about the project’s credibility.
