梅拉尼亞模因硬幣被新的爭議席捲

新的爭議浪潮吞沒了梅拉尼亞模因硬幣。區塊鏈跟踪平台Arkham透露，開發團隊撤回了價值100萬美元的流動性

A new wave of controversy has engulfed MELANIA (MELANIA) meme coin as blockchain tracking platform Arkham revealed that the development team withdrew 1 million in liquidity from Solana-based platform Meteora and moved the funds to a fresh wallet.

作為區塊鏈跟踪平台阿卡姆（Arkham）揭示了開發團隊從總部位於索拉納（Solana）的平台meteora撤回了100萬次，新的爭議席捲了Melania（Melania）Meme Coin Coin，並將資金轉移到了新的錢包中。

While meme coins are known for their speculative momentum and, in recent times, celebrity branding, this incident has sparked fears of a potential rug pull. These concerns are further amplified by the project’s history of questionable token movements and investors are now questioning the token’s legitimacy.

儘管Meme硬幣以其投機勢頭而聞名，並且在最近的名人品牌中，這一事件引發了人們對潛在地毯的擔憂。該項目的值得懷疑的運動的歷史進一步擴大了這些問題，而投資者現在正在質疑令牌的合法性。

As the crypto community takes a closer look at MELANIA’s recurring liquidity dumps and dwindling trust, let’s take a look at what happened and why investors are worried.

當加密社區仔細研究Melania的經常性流動性轉儲和減少信任時，讓我們看看發生了什麼以及投資者為何擔心。

MELANIA TEAM MOVING $1MMELANIAThe MELANIA Team just removed $1M of MELANIA from Meteora liquidity pools and sent it on to a new wallet.Previously, when they have done this, they have sold MELANIA via Jupiter DCA, then deposited the SOL to MEXC.

梅拉尼亞（Melania）團隊將$ 1mmelania The Melania團隊搬出了100萬美元的Melania從Meteora流動性池中刪除，並將其送到了一個新的錢包中。當他們這樣做時，他們通過木星DCA賣掉了Melania，然後將索爾存入Mexc。

Melania Liquidity Vanishes

美拉尼亞流動性消失了

The 1 million withdrawal on April 29 marks the latest chapter in MELANIA’s liquidity controversy. In the weeks preceding this event, the developers had been diligently selling off MELANIA tokens from decentralized exchanges.

4月29日的100萬撤軍標誌著梅拉尼亞流動性爭議中的最新一章。在此事件之前的幾周中，開發商一直在努力從分散交易所出售Melania令牌。

According to data from Lookonchain and EmberCN, these withdrawals follow a well-defined pattern. The team systematically moves funds, fragmenting their holdings across multiple wallets. Afterwards, they offload these tokens through aggregators like Jupiter using dollar-cost averaging (DCA) tactics.

根據Lookonchain和Embercn的數據，這些撤回遵循明確的模式。團隊系統地移動資金，將其在多個錢包中的持股分散。之後，他們使用美元成本平均（DCA）策略將這些令牌通過木星等聚合器卸載。

While this method appears to be implemented carefully to minimize any significant impact on the market, critics contend that it serves to obfuscate the full scope of insider activity, especially when it comes to large-scale exits from liquidity.

雖然該方法似乎要仔細實施以最大程度地減少對市場的任何重大影響，但批評家認為，它有助於使內部活動的全部範圍混淆，尤其是在從流動性中大規模退出時。

The #Melania team didn’t just add or remove liquidity to sell $MELANIA, they also employed a DCA strategy for direct sales!2 days ago, they sold 1.18M $MELANIA for 4,230 $SOL($632K) using the DCA strategy.Today, they are selling another 2.01M $MELANIA($938K) through the DCA…pic.twitter.com/FQBUghEogv

#Melania團隊不僅會增加或消除流動性銷售$ Melania，而且他們還採用了DCA策略來直接銷售！ 2天前，他們使用DCA策略以4,230美元的價格出售了118萬美元的Melania，使用DCA策略以4,230美元的價格（$ 632K）使用DCA策略。 TODAY.TODAY。

On April 28, just a day before the 1 million pull, the team reportedly sold nearly 938,000 in tokens. That followed another 632,000 in sales just 48 hours earlier. In another context, these moves could be viewed as strategic liquidity management.

4月28日，就在100萬拉的前一天，據報導，該團隊在代幣中售出了近938,000個。僅48小時前，另外632,000個銷售額。在另一種情況下，這些舉動可以視為戰略流動性管理。

However, given the frequency, scale, and stealth with which MELANIA’s sell-offs are executed, they have only served to galvanize fears that this could be a carefully orchestrated slow-motion rug pull.

但是，鑑於梅拉尼亞（Melania）拋售的頻率，規模和隱身是執行的，他們只是為了使人們對這可能是精心策劃的慢動作地毯的擔憂。

Together, these sales put the total sold by the developers since mid-April at an estimated 14.75 million.

這些銷售共同使開發商自4月中旬以來的總銷售總額估計為1,475萬。

Market Sentiment Crumbles

市場情緒崩潰

These liquidity removals come at a time when the meme coin market is already showing signs of fatigue. MELANIA, once touted as a politically charged collectible with viral potential, is now trading at just 0.39. This marks a collapse of over 99% from its peak valuation.

這些流動性去除是在模因硬幣市場已經顯示出疲勞跡象的時候。梅拉尼亞（Melania）曾經被吹捧為具有病毒潛力的政治收藏品，現在的交易僅為0.39。這標誌著其峰值估值超過99％。

Despite occasional rebounds, like the recent 21% uptick after a rumor of a new exchange listing, investor confidence appears to be quickly dwindling. The rapid erosion in market cap, combined with the crypto project’s history of liquidity dumps and lack of transparency, has painted a bleak picture of the token’s future.

儘管偶爾會有籃板，就像最近有21％的新交易所清單之後的21％上升一樣，投資者的信心似乎很快就會減少。市值的迅速侵蝕，再加上加密項目的流動性轉儲歷史和缺乏透明度，描繪了令牌未來的黯淡圖片。

The situation also highlights a broader trend in the market. Traders are shifting their focus toward tokens backed by real-world utility, such as those operating in the AI and RWA (real-world asset) sectors.

這種情況還突出了市場上更廣泛的趨勢。交易者將注意力轉移到了由現實世界實用程序支持的代幣上，例如在AI和RWA（現實世界中的資產）領域運作的代幣。

In contrast, MELANIA’s liquidity extractions and lack of developer accountability leave it dangerously exposed to both market abandonment and potential regulatory scrutiny. While some community members are still holding out hope for a turnaround, most crypto observers see the project as a cautionary tale.

相比之下，梅拉尼亞的流動性提取和缺乏開發商問責制，危險地暴露於市場遺棄和潛在的監管審查。儘管一些社區成員仍對周轉充滿希望，但大多數加密觀察家都將該項目視為一個警示性的故事。