MELANIA Token Plunges 5%, Signaling Insider Concerns Amid Liquidity Shifts

The MELANIA token has experienced a sharp decline of 5% in the past 24 hours, raising alarm bells about potential insider selling and aggressive liquidity movements. New data suggests coordinated dumps from wallets linked to the MELANIA team are behind the price drop. 92% of circulating supply is concentrated in the hands of insiders, fueling concerns about centralized control within the project. 13 million tokens worth $8.02 million have been removed over the past month, with a post on Twitter by Lookonchain revealing near-identical amounts being used for liquidity adds and removals through SOL trading pairs.