MELANIA project team sold 9.99 million MELANIA tokens over the past 8 days, worth approximately $4.65 million

TechFlow news, May 3 — According to on-chain analyst Ember (@EmberCN), over the past eight days, the MELANIA project team has sold 9.99 million MELANIA tokens worth approximately $4.65 million via unilateral liquidity provision and dollar-cost averaging (DCA).

Since March 16, the project team has transferred a total of 41.675 million MELANIA tokens from Community and Liquidity addresses, selling them through unilateral liquidity additions and DCA to obtain 170,000 SOL, valued at around $23.063 million, with an average selling price of $0.55 per token. The acquired SOL was subsequently converted into USDC and either bridged across chains or cashed out.