Melania Memecoin Team Sells $1.5M Tokens Amid 21% Price Surge and TRUMP Token Faces Short Pressure

The team behind the Official Melania Meme (MELANIA) token has sold over $1.5 million worth of tokens in the past three days using a dollar-cost averaging strategy, which may exert downside pressure despite a recent 21% price recovery. The selling activity, confirmed by blockchain data and highlighted by crypto intelligence platforms such as Lookonchain, follows a pattern of programmed sales that could contribute to short-term volatility. Meanwhile, attention has also turned to the Official Trump (TRUMP) memecoin, where large investors are positioning with leveraged short trades. A newly created whale wallet has deposited $1.33 million in USDC to open a 2x leveraged short at a threshold that could trigger liquidation if the price exceeds $21.50. This comes amid a broader narrative where memecoins continue to maintain significant investor interest despite historical price challenges, with data from CoinMarketCap noting that MELANIA remains significantly below its all-time high. The news reflects ongoing market dynamics in the memecoin sector, where programmed selling strategies and leveraged positions are influencing price behavior.