TechFlow news, on February 25, according to Etherscan monitoring, a MELANIA whale address sold 13.975 million MELANIA tokens in a single transaction on-chain four hours ago, exchanging them for 14.316 million USDC. This move caused the MELANIA price to plummet from $1.17 to $1.00, a decline of 14.5%.
The address had previously accumulated these tokens at the end of January by purchasing through DEX and providing one-sided liquidity, investing 28.93 million USDC with an average cost of $2.07 per token. This sale resulted in a loss of approximately $14.61 million, representing a loss rate of 50%.
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