The Melania memecoin team just sold off over $1.5 million worth of tokens as prices staged a comeback.

Meanwhile, President Donald Trump faces brand new impeachment calls over his own Trump memecoin—with one U.S. Senator slamming the president for selling access to top token holders.

The team behind Melania (MELANIA) memecoin sold another $930,000 worth of tokens on April 28, bringing the total to $1.5 million in a week, Lookonchain data reveals.

The token had bounced 21% in the past week, though it remains 96% below its all-time high of $13.70 from January 20—Trump's inauguration day.

Cryptocurrency analysts flagged the sales as part of a dollar-cost averaging (DCA) strategy. This means the team is selling tokens at regular intervals, regardless of price, to avoid emotional trading. But for token holders, this steady drip of selling likely feels more like slow bleeding.

Meanwhile, President Donald Trump faces brand new impeachment calls over his own Trump (TRUMP) memecoin—with one U.S. Senator slamming the president for selling access to top token holders.

Trump memecoin sparks impeachment calls

The Trump token rose more than 50% after plans were announced for a private dinner at Trump's Washington, D.C. golf club with the top 220 token holders. But not everyone is impressed.

During an April 25 town hall, U.S. Senator Jon Ossoff criticized the president's involvement, saying Trump is “granting audiences to people who buy his memecoin,” according to NBC News.

Ossoff argued that this behavior “rises to the level of an impeachable offense.” He added: “It's time to hold President Trump accountable.”

The memecoin dinner plan is quickly drawing political backlash and fueling concerns that Trump's crypto moves could be quietly padding his own wallet.

As Trump-inspired memecoins like $TRUMP and $MELANIA continue to be a subject of ethical debate and display volatile price swings, staying informed is key for investors. To effortlessly follow this saga and keep tabs on any new developments, they can utilize TipRanks' Cryptocurrency Center. Simply click on the image below to stay ahead of the curve in this rapidly changing space.