Around 3% of the total supply of the MELANIA token, worth $39 million, will start unlocking on February 20th. This allocation was given to the MELANIA team at the start of the token's launch. The token allocation rules state that 10% of the team's tokens will begin unlocking 30 days after the launch. The MELANIA token officially launched on January 20th. The token distribution chart shows that 20% of the tokens are meant for public distribution, 20% for the community, 30% for the Treasury, and 30% for team vesting. The unlocking period for team-allocated tokens begins one month after the launch and continues for 13 months. This unlocking may impact the token's price and increase selling pressure. The price of MELANIA has been on a downward trend since its launch, currently trading at $1.43. There is speculation that MELANIA was created by the same team that launched the collapsed meme coin LIBRA. On-chain analysis showed that insiders extracted significant profits from LIBRA shortly after its launch. This article does not provide investment advice.
Content Editor ( crypto.news )
- 2025-02-17
MELANIA team tokens worth $39m unlock amidst LIBRA collapse
