According to PANews on February 25, according to Ember’s monitoring, a MELANIA whale address sold 13.975 million MELANIA coins on the chain in exchange for 14.316 million USDC, directly dropping the MELANIA price by 14.5% (from $1.17 to $1).

This whale spent a total of 28.93 million USDC to hoard 13.975 million MELANIA coins a month ago by directly purchasing or forming unilateral liquidity through DEX, with an average cost of US$2.07.

4 hours ago, all of them were sold in exchange for 14.316 million USDC, with a loss of 14.61 million USD (-50%).