A concerning pattern in MELANIA, the memecoin launched by former First Lady Melania Trump and which has been embroiled in fraud discussions, is emerging. Onchain data reveals that the team behind MELANIA has been actively selling off a significant portion of their tokens. Recent transactions suggest they’ve sold nearly 13 MELANIAs worth $8 million dollars in the past month, exchanging them for SOL, the native coin of the network where MELANIA operates. This move raises questions about the long-term stability and future outlook for the token, which is currently valued at only $223 million. Although it reached a market value exceeding $2 billion when first launched, its current performance is significantly lower than its all-time high price of $13. The absence of MELANIA’s listing on major centralized exchanges like Coinbase or Binance further adds to the uncertainty surrounding this altcoin. *This is not investment advice.*