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Lookonchain’s data revealed that Solan-The melania memecoin has established more than 8% of its total offer in the last four months.
According to the Blockchain analytical platform, the Memlania wallets linked 82.18 million chips, which corresponds to approximately 8.2% of the total of 1 billion token, between March and June.
At the time of sale, these chips were converted to 244,934 Sol worth approximately $ 35.76 million.
Lookonchain pointed out that transactions were made on 44 separate wallets and were primarily changes in liquidity on decentralized exchanges.
In particular, there were concerns about trading with initiates in March, when the wallets associated with the Melania project reportedly moved to the month of 31.685 million chips from community and liquidity funds.
The team has passed since Sales This has developed significant pressure down to the asset value.
According to Cryptoslate’s dataMelania’s Token Price has since decreased by more than 98%since then and dropped by more than $ 13 at the beginning of this year at just above $ 0.20 at the press time.
Meanwhile hope of a project team that reduces their sales activity reported The fact that more than 90% of Melania token is held by wallets that are suspicious to belong to the insiders.
