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The MELANIA Meme Coin Team is Selling Heavily: They've Been Offloading for 25 Days! - Coin Bulletin
The Melania token (MELANIA) team strengthened the allegations of manipulation linked to the LIBRA token by adding and withdrawing liquidity, selling 6.72 million tokens for 4.2 million dollars.
The Melania token team (MELANIA) continued to add and withdraw liquidity for their tokens and sell them over the past 25 days. During this process, 6.72 million MELANIA tokens were sold for 34,168 Solana (SOL), which is equivalent to 4.2 million dollars.
The Melania token had attracted attention as a meme coin named after the wife of U.S. President Donald Trump. However, recent blockchain analyses have revealed surprising connections between the team behind the MELANIA token and the team behind the LIBRA token. According to the research conducted, the same team is involved in the management of both tokens, and this team conducts fund movements through interconnected wallets.
According to on-chain analyses conducted by Bubblemaps, there are many cross-chain transfers between the wallets of the creators of the MELANIA token and the developers of the LIBRA token.