A major MELANIA whale has exited the market with a staggering loss of $3.739 million after liquidating 6.688 million MELANIA tokens.
On-chain analyst Yu Jin reported that the investor originally purchased the tokens at $1.50 each, investing a total of 10.007 million USDC at the beginning of the month.
However, due to worsening market conditions, the whale was forced to sell at a heavily discounted price of $0.937 per token, leaving them with only 6.267 million USDC after the sale.
The dramatic loss signals shifting sentiment in the MELANIA market, raising concerns among other holders about the token’s short-term price stability and future outlook.
Market Reaction and MELANIA’s Declining Price Trend
Following the whale’s massive liquidation, MELANIA’s price continued its downward trend. The token is currently trading at $0.9165, marking a 2.42% drop in the past 24 hours and an alarming 26.65% decline over the past week.
MELANIA’s market capitalization now stands at approximately $137.5 million, while its 24-hour trading volume remains high at $57.58 million.
The significant loss suffered by one of the largest holders has contributed to market uncertainty, with investors closely monitoring price movements to determine whether the sell-off will trigger a broader decline or provide a new entry point for speculative traders.
Also Read: Whales Dominate 94% Of $TRUMP And $MELANIA Memecoins With 40 Wallets Under Their Control, Report
Whale Activity and Market Sentiment Shift
The sudden exit of MELANIA’s second-largest holder has sparked intense debate within the crypto community, as whale activity is a key indicator of market sentiment.
Large-scale sell-offs often create panic, leading smaller investors to follow suit and further drive down prices.
The decision by this major investor to absorb such a heavy loss suggests dwindling confidence in MELANIA’s near-term potential.
However, some traders view this price dip as an opportunity to accumulate MELANIA at a lower cost, banking on a potential rebound.
The next few days will be crucial in determining whether MELANIA can recover or if further whale liquidations will drive the price down further.
Other Major MELANIA Trades Highlight Market Volatility
Recent trades involving MELANIA have showcased both the immense profit potential and the risks associated with the token.
In a separate event, another whale suffered a staggering $14.6 million loss after selling 13.97 million MELANIA tokens for $14.31 million, marking a 24.45% price drop in just 24 hours.Â
Conversely, other traders have capitalized on the token’s volatility, with one turning a $680,000 investment into $43.5 million in profit during a price surge.Â
In another high-stakes trade, a Solana investor transformed 2,500 SOL (worth $688,000) into a staggering $66 million by strategically trading MELANIA in just four hours.Â
These extreme gains and losses underscore the highly speculative nature of MELANIA, making it a high-risk, high-reward asset in the current crypto market climate.