Solana -based Mimikoin Meikoin, named after the first lady Melania Trump, is subject to increased scrutiny after a series of large symbolic sales associated with the project team.
On May 3, researcher Blockchain Embervn revealed that the project’s portfolio has emptied about 10 million Melania symbols in just eight days.
Loading the portfolio related to mechanism is 23 million dollars from the distinctive symbols since March
These sales amounted to approximately $ 4.6 million, which raised strong concerns about the project’s long -term validity and team motives.
According to Emburcn, sales followed a medium -cost strategy in dollars (DCA), as well as providing liquidity from one side. These technologies allowed the project to reduce the impact of prices while quietly out of large sites.
It is worth noting that this is not the first time that the project has used this approach. In April, the governor itself sold 3 million symbols for about 9,009 Sol – $ 1.2 million at the time – which operates a similar liquidation approach.
Meanwhile, these sales activities have been continuing for a long time. Since mid -March, the governor has quietly liquidated about 41.67 million Melania symbols for about 170,000 Sol, at a value of approximately $ 23 million.
Embervn indicated that most of these revenues have been converted into USDC and pulled. This indicates a constant effort by the project team to get out of their important positions in the distinguished symbol.
Repeated and extensive symbolic sales by the project -related portfolio led to nourishing doubts between holders.
Many people now wonder whether the M -currency has been designed at all for a long -term benefit or is only designed to take advantage of the name of the American first lady.
Melania was launched in January 2025 amid the stir of the media, driven by its brand and the timing of President Donald Trump. However, this early momentum faded quickly amid calmness in the broader market, which greatly affected Mimi currencies.
According to Beincrypto data, the distinctive symbol is traded by about $ 0.38, a decrease of more than 6 % over the past day and 31 % in the past seven days.
More importantly, Melania fell about 97 % of its peak on January 20, which amounted to $ 13.70.
Disintegration
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