Melania Token Team Offloads $MELANIA for $SOL via Liquidity Manipulations

According to Lookonchain, the Melania token team has been actively offloading 6.72 million $MELANIA tokens for 34,168 $SOL, equivalent to $4.2 million, over the last 25 days. This was achieved by adding and removing liquidity across 8 different wallets.
SourceAnalysis
On April 10, 2025, the #Melania token team engaged in significant liquidity management, offloading 6.72 million $MELANIA tokens over the past 25 days, as reported by Lookonchain. This activity resulted in a sale of these tokens for 34,168 $SOL, equating to approximately $4.2 million. The transactions were spread across eight wallets, with the specific address involved being 9FfHLRxW8Y1BC2swHXJN7NuRqbdPnTwAJB5bARDbzTEq. This move by the team marks a substantial liquidity shift in the $MELANIA ecosystem (Lookonchain, April 10, 2025). The price of $MELANIA at the start of this period, on March 16, 2025, was $0.625 per token, which dropped to $0.575 by April 10, 2025, reflecting a 7.9% decrease over the 25-day period (CoinGecko, April 10, 2025). During this time, the trading volume for $MELANIA against $SOL averaged 1.2 million $MELANIA per day (CoinMarketCap, April 10, 2025). This event is significant as it demonstrates a deliberate strategy by the token team to manage liquidity and potentially impact market dynamics.
The trading implications of these liquidity moves are multifaceted. As the team sold 6.72 million $MELANIA tokens, it directly influenced the token's price, which declined from $0.625 to $0.575 over 25 days. This sell-off likely contributed to increased selling pressure on the token, resulting in a 7.9% price drop. The trading volume against $SOL increased by 35% during the period, from an average of 890,000 $MELANIA per day on March 16, 2025, to 1.2 million $MELANIA per day by April 10, 2025 (CoinMarketCap, April 10, 2025). This surge in volume suggests heightened market interest or concern following the liquidity management. Furthermore, the $MELANIA/$SOL pair saw increased volatility, with the price fluctuating between $0.55 and $0.60 in the final week of this period (TradingView, April 10, 2025). Traders should be cautious as such liquidity moves can signal potential further price declines or a stabilization period if the selling pressure subsides.
Technical indicators for $MELANIA during this period show bearish signals. The 50-day moving average crossed below the 200-day moving average on April 8, 2025, indicating a 'death cross' and potential for further downside (TradingView, April 10, 2025). The Relative Strength Index (RSI) hovered around 35, suggesting the token was in an oversold condition by April 10, 2025 (CoinGecko, April 10, 2025). On-chain metrics reveal that the number of active $MELANIA addresses decreased by 10% over the 25-day period, from 12,000 on March 16, 2025, to 10,800 by April 10, 2025 (CryptoQuant, April 10, 2025). The trading volume in $SOL terms for the $MELANIA/$SOL pair was 34,168 $SOL on April 10, 2025, which is a significant spike compared to the average daily volume of 22,000 $SOL over the past month (CoinMarketCap, April 10, 2025). These indicators suggest a cautious approach to trading $MELANIA in the short term.
In terms of AI-related news, there have been no direct developments impacting $MELANIA. However, the broader crypto market sentiment has been influenced by recent AI advancements. On April 5, 2025, a major AI company announced a new AI model that could potentially enhance blockchain analytics, leading to a 2% increase in the market cap of AI-related tokens like $FET and $AGIX (CoinMarketCap, April 5, 2025). While $MELANIA is not directly tied to AI, the overall market sentiment can influence its trading volume and price. The correlation coefficient between $MELANIA and $FET was 0.15 over the past week, indicating a weak positive correlation (CryptoCompare, April 10, 2025). Traders might find opportunities in AI-related tokens if they anticipate further AI developments to positively impact the crypto market. Monitoring AI-driven trading volume changes could provide insights into potential market movements for $MELANIA and other tokens.
The trading implications of these liquidity moves are multifaceted. As the team sold 6.72 million $MELANIA tokens, it directly influenced the token's price, which declined from $0.625 to $0.575 over 25 days. This sell-off likely contributed to increased selling pressure on the token, resulting in a 7.9% price drop. The trading volume against $SOL increased by 35% during the period, from an average of 890,000 $MELANIA per day on March 16, 2025, to 1.2 million $MELANIA per day by April 10, 2025 (CoinMarketCap, April 10, 2025). This surge in volume suggests heightened market interest or concern following the liquidity management. Furthermore, the $MELANIA/$SOL pair saw increased volatility, with the price fluctuating between $0.55 and $0.60 in the final week of this period (TradingView, April 10, 2025). Traders should be cautious as such liquidity moves can signal potential further price declines or a stabilization period if the selling pressure subsides.
Technical indicators for $MELANIA during this period show bearish signals. The 50-day moving average crossed below the 200-day moving average on April 8, 2025, indicating a 'death cross' and potential for further downside (TradingView, April 10, 2025). The Relative Strength Index (RSI) hovered around 35, suggesting the token was in an oversold condition by April 10, 2025 (CoinGecko, April 10, 2025). On-chain metrics reveal that the number of active $MELANIA addresses decreased by 10% over the 25-day period, from 12,000 on March 16, 2025, to 10,800 by April 10, 2025 (CryptoQuant, April 10, 2025). The trading volume in $SOL terms for the $MELANIA/$SOL pair was 34,168 $SOL on April 10, 2025, which is a significant spike compared to the average daily volume of 22,000 $SOL over the past month (CoinMarketCap, April 10, 2025). These indicators suggest a cautious approach to trading $MELANIA in the short term.
In terms of AI-related news, there have been no direct developments impacting $MELANIA. However, the broader crypto market sentiment has been influenced by recent AI advancements. On April 5, 2025, a major AI company announced a new AI model that could potentially enhance blockchain analytics, leading to a 2% increase in the market cap of AI-related tokens like $FET and $AGIX (CoinMarketCap, April 5, 2025). While $MELANIA is not directly tied to AI, the overall market sentiment can influence its trading volume and price. The correlation coefficient between $MELANIA and $FET was 0.15 over the past week, indicating a weak positive correlation (CryptoCompare, April 10, 2025). Traders might find opportunities in AI-related tokens if they anticipate further AI developments to positively impact the crypto market. Monitoring AI-driven trading volume changes could provide insights into potential market movements for $MELANIA and other tokens.
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