MELANIA coin was initially showing promise but has since plummeted 39%, influenced by major sell-offs executed by its executives. This crisis arose when data from LookOnChain revealed that approximately 8.22% of the total supply was sold for $35.7 million in Solana (SOL).

The market has reacted with skepticism, reflecting growing concerns about the transparency surrounding celebrity-endorsed cryptocurrencies.

Insider Sell-offs Impacting MELANIA Coin

The coin’s value dropped significantly as 82.18 million MELANIA tokens were released through 44 wallets. This coordinated action dramatically pushed prices down by 69% over the past three months. As of now, MELANIA’s value is about 98.35% lower than its all-time peak of $13.05, reached on January 20, 2025.

“Because President Trump is now the most powerful crypto advocate in the world. His family controls World Liberty Financial, owns 60%, takes 75% of revenue. They run $TRUMP, $MELANIA coins, and hold nearly 40% of his net worth in crypto.”
Translation: The statement suggests a strong influence on the crypto market by political figures.

MELANIA’s ongoing unlock schedule, with a significant number of tokens yet to be released, may further pressure its market price.

Recovery Prospects for MELANIA

This fall resembles the fate of many celebrity-initiated crypto projects, which often thrive initially but suffer greatly from volatility and lack of real utility. Investors face heightened risk in such environments.

In conclusion, the ramping down of MELANIA coin emphasizes the challenges linked to celebrity-influenced cryptocurrencies, where hype does not equate to sustainability. Investors must exercise caution and conduct thorough research before committing funds.