The latest controversy in the memecoin world has turned its focus to the $MELANIA project. It has crypto community members raising eyebrows for what seems to be a controlled liquidity maneuver — a sell-off of sorts. The project team has apparently divested 23.45 million $MELANIA tokens over the past month, and it did so in a way that shouldn’t have affected the price much. Yet the team’s been using (or has been rumored to be using) some sketchy tactics to make it seem like the token’s going places when it’s really just, um, not. Meteora liquidity operations have mostly been conducted from the other side of the price pool, allowing sales of up to 50% of MELANIA without large-sell alerts being triggered. One downside to this approach is that it pushes the price paid per MELANIA up, but that’s a downside in the context of this activity being a sale to generate funds to pay for other aspects of the project, like team salaries. So why not just sell to the buy side? Because that would trigger a public sell alert on-chain, and nobody wants to be perceived as dumping their own project’s token. Gradual Sell-Off Raises Transparency Concerns The most recent activity occurred just seven hours ago, when the team transferred yet another 2.95 million $MELANIA tokens from its reserves. It sold this latest batch for 9,009 SOL — worth around $1.2 million. As with the previous token transfers, this one is being recorded in a pseudonymous fashion. And — again, with this latest transfer — liquidity is being added in such a manner that the $MELANIA tokens are being sold in a kind of automated process as they are needed. And what’s really weird is that this was done in a range between a token price of 0.025 and 0.040 SOL. 7 小时前，又有 295 万枚 $MELANIA 被项目方以添加单边流动性的形式出售成 9,009 枚 SOL ($1.2M)。 过去 3 天里，$MELANIA 项目方继续从流动性跟社区地址转出 764.3 万枚 $MELANIA ($3.21M)，然后在 Meteora 上添加到 MELANIA/SOL 单边流动性，将 $MELANIA 在设定区间出售成 SOL。 其中 295 万枚… https://t.co/DCOMFOsGfz pic.twitter.com/zL2rIeTqOB — 余烬 (@EmberCN) April 19, 2025 This is not a singular occurrence. In just three days, the team has moved 7.643 million $MELANIA, about $3.21 million worth, from liquidity and community wallets. “The tokens were also funneled into unilateral liquidity strategies that are offloading the $MELANIA for $SOL across a defined trading range,” Coindesk writes, referencing an Ocean Falls research report. “In layman’s terms, that means they’re selling $MELANIA for $SOL, but doing it in a way that won’t make the price of $MELANIA tank.” Collectively, on-chain records indicate that over the last 30 days, the strategy of offloading $MELANIA has been executed a total of 23.45 million times. This constant sell-side pressure has funneled into accounts holding a cumulative total of 110,000 SOL, now worth around $14.75 million. Although this liquidity management isn’t necessarily bad or malicious, it ain’t good, either, when the team behind the project failed to relayed just what the hell their intentions were with the gathering of SOL. The investors and community members are starting to wonder if this liquidity action is a clever way to build a treasury or if it’s really a prolonged exit strategy in disguise. Market Impact and Community Reactions The ongoing liquidity injections have yet to make much of a dent in the price, and for this, we can thank the well-practiced team behind the project. They are selling tokens in a way that won’t get too many people too riled up in the short term—spreading sales across liquidity bands so as not to cause big on-chain price movements, for one. It’s almost like they are trying not to distribute the news that they are, in fact, distributing the tokens. Some community members view this as a treasury strategy that is far from erratic. They see it as an intentional, well-thought-out, and well-planned treasury strategy. They see it as an intentional move to build up reserves. They believe those reserves are going to be used for what I would call traditional development or marketing efforts. Others, however, see this as an outright betrayal of early supporters—a sellout, if you will. They see refusing to sell tokens as a kind of loyalty oath—and they see violating that loyalty oath as a precursor to The Flag of Cashing Out. The team’s silence adds fuel to the speculation. Officially, as of now, there has been no statement from the $MELANIA project concerning the 110,000 SOL that have been accumulated. What is their purpose? And more importantly, what is the long-term ecosystem plan, if there is one, for the token? Critics contend that if this is part of a strategic roadmap, the team should be clear with the community, especially considering how much value has been pulled from the liquidity pools in the last month. A couple of analysts have even started to draw parallels with other projects that have used comparable techniques and then, over time, shut down. At this point, the project’s wallets still hold large reserves, and the regular flow of $MELANIA into liquidity pools shows no immediate signs of abating. Traders and holders are left in a state of uncertainty, watching closely, questioning motives, and waiting for some clarity. As always in the world of cryptocurrency, when something happens and how openly it is communicated are of paramount importance. If the happening is not communicated in a timely manner, then those who should know may find out much too late. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
https://www.digistore24.com/redir/325658/ceobig/
