MELANIA and TRUMP Tokens Experience Significant Sell-Offs Amid Market Decline
TRUMP and MELANIA tokens have experienced significant declines amid a broader downturn in the crypto market. The fallout from the LIBRA token incident has intensified investor backlash against meme coins, prompting a shift toward utility tokens like DeFi and NFTs.
Whales Dump TRUMP and MELANIA Tokens
- Large holders are selling off their holdings due to market conditions.
- A whale sold 13.98 million MELANIA tokens for 14.32 million USDC, incurring a $14.9 million loss (51% drop).
- Another whale sold 763,483 TRUMP coins for 9.47 million USDC, facing a $25.5 million loss (72% drop).
Uncertain Future as Investors Await Market Stability
- MELANIA price dropped 26% in one day, reaching $0.8969, with a daily range of $0.9000 to $1.2125.
- TRUMP price fell 15.46% intraday, closing at $12.64, with a range of $12.61 to $14.99.
- Whales appear to be preemptively selling to avoid further losses, indicating low confidence in future price recovery.
Market analyst ‘Vegeta’ suggested that TRUMP may need weeks to stabilize but could recover to $30-$35 if it does. However, new lows remain a possibility before any rebound occurs.