- MELANIA meme coin developers swapped 6.72M tokens for over $4M in SOL through multiple wallets in the past month.
- On-chain analysis shows the team shifted $30M from community funds to private wallets with no public explanation.
- Analysts confirm the MELANIA team still holds 92% of the total supply, suggesting more sell-offs could follow.
The team behind the MELANIA meme coin has sold approximately $4.2 million worth of tokens in just 25 days. These transactions occurred through multiple wallets linked to the project, as on-chain data indicates increased liquidity activity involving eight different wallets. Analysts noted these movements point to potential plans to offload more tokens held in the project’s community reserves.
Over the past month, the MELANIA team exchanged 6.72 million tokens for 34,168 SOL, which amounts to around $4.2 million. These transactions reportedly brought substantial profits to the team. The sell-offs coincide with a pattern of adding and removing liquidity, leading to further speculation about the team’s intentions with remaining community tokens.
Community Funds Shifted to Private Wallet
New on-chain analysis from Bubblemaps revealed that approximately 50 million MELANIA tokens, valued at around $30 million, were recently moved from the project’s community fund to another wallet. These tokens were then distributed across several new addresses. At least two of those wallets have since opened new on-chain positions worth $6 million each.
Additionally, one wallet linked to the team transferred about $3 million in tokens to centralized exchanges. Another $500,000 in tokens was directly sold. These moves have not been addressed by any official source connected to the project. The absence of public communication has sparked further concerns among the community and analysts monitoring the token’s activity.
Team Still Controls Majority of Token Supply
According to Bubblemaps, the MELANIA team still holds roughly 92 percent of the total token supply. This figure suggests that further sales could follow if no intervention occurs. The recent transactions and lack of transparency continue to drive market uncertainty.
The MELANIA price has decreased by 0.9 percent since April 10, 2025 and nearly 10 percent throughout the previous week. MELANIA tokens on Solana exchange platforms have reached $0.51 in value, although they briefly went below $0.50 for their initial price drop.
