Melania Trump has re-emerged to help her meme coin, MelaniaMeme (MELANIA), after an extended break from the general public dialog round her cryptocurrency undertaking.
Her newest promotion got here within the type of a video created utilizing synthetic intelligence (AI), wherein she described the token as a step “into the longer term”. The publish tagged the official account of the meme coin on X.
The timing of Melania’s return coincides with ongoing issues about current exercise involving wallets related to the undertaking group.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
Is Your Crypto Secure? (5 Greatest Crypto Safety Practices Defined)
Blockchain monitoring teams famous that her publish didn’t point out any of the unresolved questions on massive sums of MELANIA tokens being moved and bought.
In response to knowledge shared by Bubblemaps, a platform that tracks blockchain transactions, round $30 million value of community-held tokens had been transferred from group wallets on April 7.
These tokens had been reportedly bought with out rationalization to the general public. Later in April, an extra $1.5 million in tokens was bought over a three-day interval, following a 21% worth enhance.
Lookonchain acknowledged in a publish on X that this sample of gross sales suggests the group could also be utilizing a standard buying and selling technique referred to as dollar-cost averaging (DCA). This strategy entails shopping for or promoting mounted quantities of an asset at common intervals, sometimes to mitigate the affect of market fluctuations.
Lately, California Governor Gavin Newsom introduced plans to launch a meme coin referred to as the “Trump Corruption Coin”. What did he say? Learn the total story.
