Melania Memecoin Sees Sell-Off Despite Gains, Employing Dollar-Cost Averaging Strategy

Analysis of blockchain data reveals the Melania Memecoin (MELANIA) team has sold over $1.5 million worth of tokens in the last three days. This comes after a significant sell-off exceeding $930,000 on April 28 and another sale of $630,000 just two days later. This suggests an investment strategy known as dollar-cost averaging (DCA) is being employed by the team. While this strategy mitigates risk by investing a set amount at regular intervals, it could also create downward pressure on the token’s price.