A wave of heavy selling related to the Melania Trump coin project has sparked fresh concerns about transactions by individuals involved in the project. These activities have driven the token’s value to its lowest historical point, which is 97% lower than its peak price on Trump’s inauguration day in January. Analysts at EmberCN reported that wallets associated with the project have sold nearly 3 million MELANIA tokens for approximately $1.2 million. Over the past 3 days, the MELANIA team has apparently transferred 7.64 million tokens worth around $3.21 million from cash and community wallets. These repeated sales have heightened concerns about token dumping by individuals linked to the project. Bubblemaps revealed that wallets associated with the MELANIA team control almost 92% of the total token supply.
