The MELANIA memecoin project, backed by Melania Trump, has shown active trading recently despite some market difficulties.
Token Sales Overview
In the last month and a half, the MELANIA project has sold 34.457 million tokens. According to data from analytical platforms, the total sales value is approximately $12.15 million.
Financial Performance
Since March 16, the project has transferred a total of 76.132 million MELANIA tokens from community and liquidity addresses to various wallets. During this process, tokens were sold for 244,000 SOL, raising approximately $35.218 million. The average selling price was calculated at $0.46 per token.
Market Status and Fraud Allegations
Despite active sales, the MELANIA memecoin project is facing allegations of fraud. The total market capitalization of the token stands at $196 million, which is 98.2% lower than its all-time high, when its market cap exceeded $1.5 billion.
The MELANIA project, backed by Melania Trump, is facing challenges in the market, including fraud allegations, despite its successful token sales.
