A big news has come out about the Melania Coin on Solana Blockchain, stating that, the team of Melania Meme Coin has recently lifted $ 1 million (about 8.3 crore rupees) token liquidity from the Meteora Liquidity Pool, which has created an atmosphere of concerns and rumors between the investors. This step has been taken at a time when the team was accused of selling $ 1.5 million token a few days ago.
According to blockchain data analyst Arkham, Melania team created a new wallet address and transferred tokens after removing this liquidity. After this move, it is feared that the team will again sell the tokens through a decentralized exchange aggregator such as Jupiter and the SOL from it can be deposited in the exchange like Mexc.
Melania coin Lack of confidence in investors declined price
Melania Trump launched Melania Coin after Trump Coin Was and this token has been described as a digital symbol of ideology and support related to Melania Trump. But these token sales and liquidity with repeated tokens have raised questions on the credibility of the token.
At the same time, according to Coinmarketcap till the news is written, Melania Coin Worth $ 0.4036 has been recorded, where its total market cap is $ 221.98 million. However, in the last 24 hours, the price of tokens has declined by 7.36%, which is directly considered to be related to recent events.
Some investors believe that the team’s move is part of a “profit-teching” strategy. One user wrote that, “Taking Profits has Never Bankrupted Anyone” while one wrote that, but a large number of retail investors are worried about this decision and consider it a lack of transparency.
Melania Coin’s move a big concern
Meteora, from where the tokens have been removed, is an advanced liquidity platform that provides features such as dynamic amm swimming pools. The purpose of these features is to create the correct management of capital and create divers portfolio. But when the same project takes such steps again and again, it is natural to have an atmosphere of fear and doubt in the minds of investors.
This activity of the Melania team can indicate that they are now slowly preparing to get out of the market. However, no official statement has been revealed by the team on this case yet.
Conclusion
The recent activity of the Melania Coin team indicates that they are either adopting the strategy of extracting the profit or putting themselves in criticism due to lack of transparency. However, it is time to be cautious for investors, as frequent liquidity withdrawal and tokens are creating uncertainty in the market.
As long as the team of Melania Coin publicly explains that for what purpose this activity is being done, retail investors will have to take the decision only by making a balance of risk and possibilities. Along with this, if you want to read the news related to other MemeCoin, then you can go to our MemeCoin Information section, where you Shiba Inu Burn Fee Like you will get information on the subject.
