MELANIA Token Plunges 97%, Rug Pull Fears Rise
Summary of Key Points
- The memecoin MELANIA has dropped by 97%, reaching an all-time low of $0.36 USD.
- Main cause: Massive token sales by the development team worth $14.7 million USD.
- Suspected “slow rug pull” – a gradual scam through incremental token sales.
- Market data indicates continued selling pressure and negative investor sentiment.
- Technical indicators such as RSI and funding rate suggest further losses may be ahead.
Sharp Price Decline for MELANIA
The memecoin MELANIA has lost nearly all of its value within three months. From a peak of around $12 USD, the price fell by 97% to a new all-time low of $0.36 USD. Currently, the price is around $0.38 USD – a drop of 5.79% in the past 24 hours.
Sales by the Development Team
A key driver behind the price decline is the behaviour of the development team. According to data from Chain Brief, 23.4 million MELANIA tokens worth $14.7 million USD were sold over the past four weeks. These sales did not occur all at once but were carried out through various methods – a typical pattern of a so-called “slow rug pull.” In this scenario, developers gradually withdraw liquidity from the project without officially shutting it down.
Suspicion of Market Manipulation
The analytics platform EmberCN confirmed these activities. Among other things, 2.95 million tokens were sold by adding one-sided liquidity. Another 7.643 million tokens worth $3.21 million USD were taken from community and liquidity reserves and added to the MELANIA/SOL liquidity pool on the Meteora platform. There, they were exchanged for SOL (Solana).
Market Data Indicates Selling Pressure
Spot net flows – the difference between deposits and withdrawals on crypto exchanges – have been positive for four days. This means more tokens are being deposited than withdrawn, which points to increased selling activity. Additionally, the aggregated funding rate has been negative for seven days. This shows that more traders are betting on falling prices (short positions), as they expect the price to continue declining.
Technical Analysis: Further Losses Possible
A look at technical indicators confirms the negative sentiment. The Relative Strength Index (RSI) is at 15 – a level that is clearly in oversold territory. This indicates strong selling dominance. The weighted open interest funding rate has also been negative for three months, suggesting a persistent expectation of declining prices.
What’s Next for MELANIA?
If the current trend continues, a further drop to around $0.34 USD is possible. Only if buyers become more active could there be a short-term recovery to around $0.42 USD. For now, however, signs point to a continuation of the downward trend.
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Our Assessment
MELANIA exhibits all the typical characteristics of a memecoin with weak fundamentals and high volatility. The massive sell-offs by the development team undermine investor confidence. Unless market behaviour changes and the project becomes more transparent, the coin remains highly risky. Those already invested should monitor developments closely. New investors should exercise caution and be fully aware of the risks. A total loss cannot be ruled out.
Sources
- Chain Brief
- EmberCN
- Coinglass
- Coinalyze
| Symbol | DOGE |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
|
| Further practical applications | |
| Price | $0.16 |
| 24h % | 1.13 % |
| 7d % | -1.16 % |
| 30d % | -6.43 % |
| 60d % | -37.81 % |
| 1y % | 0.43 % |
| Market Cap | $23,570,953,795.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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