Hayden Davis is back in the spotlight after significant sales of MELANIA tokens were revealed, causing investor concerns.
MELANIA Sales Under Scrutiny
Blockchain analytics platform Bubblemaps reports that Davis has made significant sales of MELANIA tokens, worth around $1.06 million, while withdrawing over $2.05 million from liquidity pools. This pattern resembles previous events linked to the LIBRA project.
Liquidity Drained from MELANIA
A newly created MELANIA liquidity pool with $450K available is designed for preset price sales, increasing market instability. The token's price has dropped from $0.70 to $0.63 in a few days.
Political Memecoins: A Risky Game?
The rise of meme coins like TRUMP opens up the market for political tokens. However, projects like MELANIA and LIBRA often face liquidity issues and allegations of manipulation.
The issues surrounding MELANIA and LIBRA tokens highlight the risks associated with investing in political memecoins and the need for investor caution.
