Crypto Whales Dump TRUMP, MELANIA Meme Coins, Causing 32.1% Drop

Crypto whales have been actively selling off TRUMP and MELANIA meme coins, indicating a significant loss of confidence in these crypto assets. Two whales were spotted dumping TRUMP, the meme coin associated with the President of the United States of America. The first whale sold 337,560 TRUMP for $3.81 million, losing $1.38 million, while the second whale sold 427,568 units of the meme coin for $4.77 million, losing $961,000. The transactions highlight the meme coin’s declining fortunes after an initial hype, suggesting a loss of confidence from top holders who may be selling off the tokens to minimize their losses.

The selloff extends to MELANIA, another meme coin associated with the Trump family. Melania Trump sold 9.99 million tokens named after her for $4.65 million through unilateral liquidity and DCA. The report suggests that Melania’s meme coin selloff is in exchange for SOL tokens, of which she has acquired 170,000 units worth over $23 million since March 16, 2025. The team behind the MELANIA meme coin has been particularly active in this regard, dumping 9.99 million $MELANIA tokens worth approximately $4.65 million over the past eight days. This selling spree, which began over a month and a half ago, has been conducted through unilateral liquidity and dollar-cost averaging (DCA) methods. The MELANIA team has transferred 41.675 million MELANIA tokens from community and liquidity addresses, converting them to Solana (SOL). This process has netted the team 170,000 SOL, valued at approximately $23.063 million. The tokens were sold at an average price of $0.55 per $MELANIA token. The team's strategy involves gradually selling the SOL to convert it into USDC, transferring it to other chains or withdrawing it, suggesting a well-planned liquidation strategy rather than sporadic selling.

The continuous selloffs have had a significant impact on the MELANIA token's price. The token has experienced a 5.3% drop in the past 24 hours and a 32.1% drop over both the 7-day and 30-day periods. Currently, the token is 97.1% below its all-time high of $13.05, which was reached on January 20, 2025. The MELANIA token, associated with former First Lady Melania Trump, initially gained traction during the meme coin buzz surrounding political figures and the Official Trump (TRUMP) meme coin. However, the continuous selling pressure from the project team raises questions about the token’s long-term viability and the team’s commitment to the project.

The selloff of MELANIA tokens is part of a broader trend of crypto whales liquidating their holdings in meme coins. This trend has drawn scrutiny and raised concerns about potential insider trading and the overall stability of these crypto assets. The liquidation of millions of dollars worth of MELANIA tokens has affected market prices and has led to increased scrutiny of the project team's liquidity moves. The selloff continues, with Pump.fun depositing another 118,716.47 SOL to Kraken, worth millions at current prices.

The massive selloffs of TRUMP and MELANIA meme coins suggest a loss of confidence in these crypto assets. The continuous selling pressure from the project team and the liquidation of millions of dollars worth of tokens have raised questions about the long-term viability of these meme coins. The selloff of MELANIA tokens is part of a broader trend of crypto whales liquidating their holdings in meme coins, which has drawn scrutiny and raised concerns about potential insider trading and the overall stability of these crypto assets. The liquidation of millions of dollars worth of MELANIA tokens has affected market prices and has led to increased scrutiny of the project team's liquidity moves. The selloff continues, with Pump.fun depositing another 118,716.47 SOL to Kraken, worth millions at current prices.