MELANIA Coin Built on Solana Blockchain Withdraws Token Liquidity of $ 1 Million

A big news has come out about MELANIA Coin built on Solana Blockchain, in which it has been told that the team of MELANIA Meme Coin has recently withdrawn token liquidity of $ 1 million (about Rs 8.3 crore) from the Meteora liquidity pool, which has created an atmosphere of concern and rumors among the investors. This step has been taken at a time when just a few days ago the team was accused of selling tokens worth $ 1.5 million.

According to blockchain data analyst Arkham, after removing this liquidity, the MELANIA team created a new wallet address and transferred the tokens to it. After this move, it is feared that the team will again sell the token through a decentralized exchange aggregator like Jupiter, and the SOL received from it can be deposited in an exchange like MEXC.

Lack of confidence among investors in MELANIA Coin led to drop in price

After the Trump Coin, Melania Trump launched the Melania Coin, and this token has been described as a digital symbol of ideology and support related to Melania Trump. But these repeated token sales and liquidity withdrawals have raised questions about the credibility of the token.

Some investors believe that this move of the team is part of a “profit-taking” strategy. One user wrote, “Taking profits has never bankrupted anyone,” while another wrote that, but a large number of retail investors are concerned about this decision and consider it a lack of transparency.

There is great concern about this move of MELANIA Coin

Meteora, from where the tokens were removed, is an advanced liquidity platform that offers features like Dynamic AMM Pools. These features are aimed at proper management of capital and creating a diversified portfolio. But when the same project takes such steps repeatedly, it is natural for an atmosphere of fear and doubt to be created in the minds of investors.

This activity of the MELANIA team may indicate that they are now preparing to gradually exit the market. However, no official statement has been issued by the team on this matter yet.

The recent activities of the MELANIA Coin team indicate that they are either adopting a profit-taking strategy or exposing themselves to criticism due to lack of transparency. However, it is time for investors to be cautious, as frequent liquidity withdrawals and token sales are creating uncertainty in the market.

Until the MELANIA Coin team publicly clarifies the purpose of this activity, retail investors will have to decide by balancing risk and possibilities. Along with this, if you want to read other memecoin-related news, then you can visit our Memecoin News section, where you will get information on topics like Shiba Inu Burn Rate.