Blockchain data reveals that the team has sold $930,000 worth of MELANIA tokens on April 28, and two days ago, it sold $630,000.
In the last seven days, MELANIA gained over 21% despite two big token sales. The Melania Meme token (MELANIA) team has sold over $1.5 million of tokens in the last three days, indicating a selling strategy that may create downside pressure on the token’s price.
Blockchain data reveals that the team has sold $930,000 worth of MELANIA tokens on April 28, and two days ago, it sold $630,000. The selling pattern indicates an investment strategy known as dollar-cost averaging.
This strategy is used to either buy or sell a set amount of an asset at fixed times, Lookonchain elaborates. The crypto intelligence platform posted on April 28, mentioning that the Melania team not only adds or eliminates liquidity to sell Melania tokens but they also employ a DCA strategy for direct sales.
Dollar-Cost Averaging Strategy Fuels MELANIA Sell-Off
The DCA strategy includes investing a definite amount of funds in an asset at set intervals, mostly employed by investors to manage emotional decision-making. In the last seven days, MELANIA gained over 21% despite two big token sales.
However, it did not hit its all-time high of $13.7 recorded on January 20 and is 96% down from that mark. At that time, the surge was mainly driven due to the hype of Trump’s inauguration.
At the same time, some whales are betting on the Official Trump (TRUMP) memecoin price decline. These memecoins have been making headlines over the past few days, and overall, the memecoins were the second-most dominant crypto investment narrative in Q1, 2025.
Memecoins were accountable for 27% of the global investor mindshare, and the artificial intelligence tokens held more than 35%, as per the reports from CoinGecko. The co-founder and chief operating officer of CoinGecko, Bobby Ong, mentioned in his X post that:
“Looks like we have yet to witness another new narrative appear, and we are still going according to the past quarter’s trends.”