Melania project team sells 76.13 million MELANIA tokens worth over $35 million within three months

According to monitoring by analyst Ember, the Melania project team has cumulatively transferred out 76.132 million MELANIA tokens from community and liquidity addresses over the past three months. By adding one-sided liquidity and selling via DCA (dollar-cost averaging), they exchanged these tokens for 244,000 SOL, worth approximately $35.218 million, at an average selling price of about $0.46. The project team subsequently sold the SOL for USDC or transferred it to centralized exchanges. During this period, the price of MELANIA dropped from $0.70 to $0.25.