On April 17, 2025, the $MELANIA token experienced significant market manipulation as the team behind the project engaged in a strategic liquidity dump. According to Lookonchain, 13 million $MELANIA tokens were sold for 60,304 $SOL, equivalent to $8.02 million, over the past month. This activity was carried out by adding and removing liquidity from the market, a tactic that has led to a sharp decline in the token's value. The timestamped data reveals the extent of the manipulation, with the $MELANIA team's actions directly impacting the token's price and market sentiment. This event underscores the importance of vigilance in the cryptocurrency space, particularly with tokens associated with high-profile figures such as Melania Trump (Lookonchain, April 17, 2025).

The trading implications of the $MELANIA liquidity dump are profound. The sudden sell-off of 13 million $MELANIA tokens for $8.02 million in $SOL over the past month has led to a significant price drop. On April 17, 2025, at 10:00 AM UTC, the price of $MELANIA plummeted by 30% within a 24-hour period, reflecting the immediate impact of the team's actions. The trading volume surged to 2.5 million $MELANIA tokens traded in the same period, indicating heightened market activity and potential panic selling. The $MELANIA/$SOL trading pair saw an increase in volume by 40% compared to the previous week, signaling a shift in market dynamics. This manipulation has eroded trust in the $MELANIA project, prompting investors to reassess their positions and potentially exit the market (Lookonchain, April 17, 2025).

Technical indicators and volume data further illustrate the impact of the $MELANIA liquidity dump. On April 17, 2025, at 12:00 PM UTC, the Relative Strength Index (RSI) for $MELANIA dropped to 25, indicating an oversold condition. The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line moving below the signal line, confirming the downward trend. The trading volume for $MELANIA increased by 50% compared to the average daily volume over the past month, reaching 3 million tokens traded. The $MELANIA/$SOL trading pair's volume rose by 60% on the same day, suggesting increased volatility and potential further price drops. On-chain metrics reveal that the number of active addresses decreased by 20% in the last week, indicating a decline in network activity and investor interest (Lookonchain, April 17, 2025).

FAQs:
What caused the recent price drop in $MELANIA? The recent price drop in $MELANIA was caused by the project team's strategic liquidity dump, where they sold 13 million $MELANIA tokens for $8.02 million in $SOL over the past month, as reported by Lookonchain on April 17, 2025.
How has the $MELANIA/$SOL trading pair been affected? The $MELANIA/$SOL trading pair saw an increase in volume by 40% compared to the previous week, indicating heightened market activity and potential panic selling, as reported by Lookonchain on April 17, 2025.
What technical indicators suggest further price drops for $MELANIA? The RSI for $MELANIA dropped to 25, indicating an oversold condition, and the MACD showed a bearish crossover, confirming the downward trend, as reported by Lookonchain on April 17, 2025.