The workforce behind the Official Melania Meme (MELANIA) token bought greater than $1.5 million of tokens over the previous three days, suggesting a programmatic promoting technique which will add draw back strain to the token.
The workforce behind the Melania memecoin bought one other $930,000 price of tokens on April 28, two days after promoting $630,000, in response to blockchain knowledge.
The promoting patterns level to dollar-cost averaging (DCA), an funding technique used to purchase or promote a predetermined quantity of an asset at mounted occasions, in accordance to crypto intelligence platform Lookonchain. It flagged the exercise in an April 28 publish on X, writing:
“The #Melania workforce didn’t simply add or take away liquidity to promote $MELANIA, in addition they employed a DCA technique for direct gross sales!”
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The DCA technique entails investing a certain quantity of funds in an asset at common intervals, typically employed by traders to handle emotional decision-making.
Regardless of the workforce’s promoting, MELANIA staged an over 21% restoration through the previous seven days, however stays round 96% under its all-time excessive of $13.7 recorded on Jan. 20 — the date of US President Donald Trump’s inauguration — in response to CoinMarketCap knowledge.
In the meantime, some massive traders are betting on the Official Trump (TRUMP) memecoin’s worth decline.
A newly created whale pockets deposited $1.33 million price of USDC (USDC) stablecoins to open a brief place with 2x leverage at $14.7. The brief can be liquidated if the Trump token’s worth rises above $21.50, in accordance to Lookonchain.
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Memecoins have been the second-biggest crypto sector in Q1
Memecoins have been the second-most-dominant cryptocurrency funding narrative within the first quarter of 2025, reflecting that the market continues to be recycling outdated narratives.
Memecoins captured round 27% of the worldwide investor mindshare, whereas synthetic intelligence tokens held over 35%, in accordance to a quarterly analysis report by CoinGecko.
“Looks as if we have now but to see one other new narrative emerge and we’re nonetheless following previous quarters’ developments,” mentioned Bobby Ong, the co-founder and chief working officer of CoinGecko, in an April 17 X publish.
Nevertheless, the launch of the TRUMP token and its disappointing efficiency could have marked the finish of the memecoin supercycle, which noticed the weekly utilization exercise on memecoin launchpad Pump.enjoyable stage a major decline — from 2.85 million lively wallets on the week of Jan. 20, to only 1.44 million as of March 31.
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