Hayden Davis keeps selling MELANIA tokens despite previous links to meme token market manipulation. Overwhelming sell orders continue to drive the price down.
MELANIA Tokens Sale
According to Bubblemaps, Hayden Davis continues to sell MELANIA tokens, creating market pressure. By March 28, DEX pairs showed a downtrend to $0.63, despite over $83M in liquidity being available.
Hayden Davis's Actions
Davis utilized both centralized exchanges and DEX liquidity pairs for his sales strategies. Over the past two weeks, Davis realized over $2M in profits, weakening MELANIA's liquidity. Davis also used the Kamino lending platform to unlock MELANIA and LIBRA liquidity. Several of Davis's wallets remain unused and may lead to further sales.
Community's Role in Sale
Detailed investigations showed the MELANIA project sold funds from what was intended for community reserves to profit from liquidity pools, securing $2.5M in SOL. This move added pressure to the token price.
Hayden Davis's actions continue to negatively impact MELANIA's value. Despite a significant price drop and restricted liquidity, mass sales and market manipulations persist.
