The unlocking will begin after 3% February 20 of the total melania tokens supply. At the beginning of the launch, the Melania team was allocated a $ 39 million tokens.
As per the rules allotment rules on the officer siteThe official melania trump will start unlocking 10% of the allotted tokens to the team behind the token 30 days after its launch date. This 10% contains 3% of the total supply of about 30 million melania (melania) tokens or meme coins.
Melania Token was officially launched on January 20 before the inauguration of President Donald Trump. Meanwhile, her husband’s meme coin launched earlier during the weekend before her inauguration.
Depending on the token distribution chart, 20% of the melania tokens is for public distribution, one and 20% went into the community, 30% in Treasury, while 30% of the team went to Westing.
The waste period for team-appointed tokens begins a month after the launch date, which later takes place after another unlocking period for the remaining 90% team tokens which will release monthly at the rate of 2.25% per month. .
The second unlocking period will start from the second month after the launch and will continue till the 13th month, until then all Melania tokens have unlocked the price.
Token unlock usually indicates an increase in the circulating supply of tokens, which may potentially lead to an increase in sales pressure and volatility of the price. If the team decides to sell 3% tokens immediately, the price of the token may suffer from pressure downwards.
At the time of writing, Melania has reduced by 4.3% in the previous day based on Crypto.news data. Mem coin is mostly downwards since its launch. In the last week, Melania recorded 13.5% in the last two weeks and about 14%.
Despite claiming the initial price of $ 13.05, Melania’s value exceeds 90%. It is currently trading at a price of $ 1.43.
Melania team relationship with Libra
As BubulepsThere is speculation that Melania was reportedly formed by the same team that launched the Mem Sikka, Libra of the subordinate Argentina, which fell for hours after its launch.
The blockchain data analysis account concluded that 0xcea, a wallet associated with the manufacturer of Melania, is on-chain track that shows that the wallet is also funding the Libra manufacturer.
“To make it even worse, 0xcea also snatched $ Libra and made $ 6m in profit, using several side addresses funded through CCTP. This is similar to the Melania case, “Bubblepaps in a post alleged, alleging that the manufacturer of Melania and Libra launched the tokens,” to extract the price but used internal knowledge to snip them. ,
As reported earlier by Crypto.news, the Libra Meme Coin 15 hours after its launch, a decrease of $ 4.4 billion in the market cap and 15 hours after the Mem coin market pulled down the market with it.
The token was promoted as a way to promote the country’s economy by financed by Argentina President Xavier Milli. Unfortunately, on-chain analysis showed that 82% token supply of Libra was held in a single cluster and internal sources fired $ 87.4 million within the first three hours through strategic liquidity manipulation, which declines the imminent decline of the token Contributes to
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
