Event:
The First Lady of the United States of America and her team are perpetrating scams in order to make a profit out of their memecoin creation. Trump's wife's team is taking money from those who invested in their token. They recently sold $8 million worth of it, all thanks to liquidity manipulation.
Analysis of ensuing events:
Considering the entire scenario of this token, our analysts are highly upset with what the owners of this token have done. Their community merely invested the money they earned in the Solana alttoken, profiting from their audience. Our assumption still remains unpersuasive, likely $MELANIA will still decline due to the loss of faith of their citizens. Also, the team's behavior to suck out liquidity from the pool of tokens played a huge role in the decline.
Current situation:
Now, the US First Lady's memecoin is continuing to lose its committed holders, meanwhile big whales are cutting positions in the minus as well, so that they would not end up in an even bigger minus. The reality about $MELANIA is very pathetic, capitalization is falling by the hour, as is the interest rate, which has offered us a good minus during the past 24 hours.
Conclusion:
$MELANIA is a token that is assigned to such a significant person, but even this fact cannot save it. Today, we believe that this is not the best investment worth investing in to make a profit. We are following the development of events further and hope for the best outcome.
This article is not investment advice!
