Unlocking the MELANIA Mystery: Tokens, Turmoil, and a Touch of Sarcasm! 💸😏

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Ah, the melodrama of the MELANIA token, a mere 3% of its total supply, worth a staggering $39 million, is set to unlock after the 20th of February. Allocated to the MELANIA team at the dawn of its launch, these tokens are like a piñata waiting to burst, but will they shower us with candy or confetti? 🎉

According to the sacred scrolls of token allocation, a delightful 10% of the tokens bestowed upon the team behind the illustrious Melania Trump token will begin their grand unlocking 30 days post-launch. This 10% is a veritable treasure trove of approximately 30 million MELANIA tokens, or 3% of the meme coin’s total supply. Who knew memes could be so lucrative? 🤔

Launched on January 20, just hours before the grand inauguration of President Donald Trump, the MELANIA token made its debut. Meanwhile, her husband’s meme coin had already taken the stage earlier that weekend. Talk about a family affair! 🎭

According to the token distribution chart, 20% of the MELANIA tokens are destined for public distribution, another 20% for the community, 30% into the Treasury, and the remaining 30% into team vesting. A veritable buffet of tokens, if you will! 🍽️

The vesting period for the team-allocated tokens kicks off one month after the launch, followed by a second unlocking period for the remaining 90% of team tokens, which will trickle out monthly at a rate of 2.25%. It’s like waiting for a slow leak in a water balloon! 💧

Token unlocks typically herald an increase in the circulating supply, which could lead to a delightful surge in selling pressure and price volatility. If the team decides to sell their 3% of tokens immediately, brace yourselves for a potential price plunge! 📉

As of this moment, MELANIA has taken a nosedive of 4.3% in the past day, according to the ever-reliable crypto.news. This meme coin has been on a downward spiral since its inception, plummeting 13.5% in the past week and around 14% in the last two weeks. It’s like watching a sad movie on repeat! 🎬

Once boasting a starting price of $13.05, MELANIA’s value has now plummeted by more than 90%. It’s currently trading at a mere $1.43. Ouch! That’s a harsh reality check! 😱

MELANIA team’s connection to LIBRA

According to the ever-watchful Bubblemaps, there’s a tantalizing speculation that MELANIA was birthed by the same team that unleashed the Solana (SOL)-based Argentinian meme coin, LIBRA, which spectacularly collapsed mere hours after its launch. What a plot twist! 📖

The blockchain data analysis account has concluded that 0xcEA, a wallet linked to the creator of MELANIA, has on-chain tracks that suggest it’s also funding the LIBRA creator. A tangled web indeed! 🕸️

“To make it worse, 0xcEA also sniped $LIBRA and made a cool $6M in profit, using multiple side addresses funded via CCTP. This is eerily similar to the MELANIA case,” wrote Bubblemaps, alleging that the creators of MELANIA and LIBRA launched tokens to “extract value” while wielding insider knowledge like a magician’s wand. 🎩✨

As previously reported by crypto.news, the LIBRA meme coin met its untimely demise on February 15, losing a staggering $4.4 billion in market cap and dragging the meme coin market down with it. Talk about a dramatic exit! 🚪

Promoted by Argentinian President Javier Milei as a means to boost the nation’s economy through small projects, LIBRA’s downfall was swift. On-chain analysis revealed that 82% of LIBRA’s token supply was hoarded in a single cluster, with insiders extracting a jaw-dropping $87.4 million within the first three hours through strategic liquidity manipulation. A classic case of “you snooze, you lose!” 💤

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2025-02-17 11:53