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The team behind the Melania meme coin has made another token selloff and dumped 9.99 million $MELANIA tokens worth approximately $4.65 million over the past eight days. According to on-chain analyst Ember CN, these sales were conducted through “unilateral liquidity and DCA (dollar-cost averaging) methods.” This continues an overall selling pattern that started over a month and a half ago. Since March 16, the project team has transferred 41.675 million MELANIA ( MELANIA ) tokens from community and liquidity addresses and started converting them to Solana ( SOL ). The total selloff has netted the team 170,000 SOL, valued at approximately $23.063 million. The sale was made for an average $0.55 per $MELANIA token. The analyst detailed the team’s conversion process and mentioned that they “gradually sell the SOL to convert it into USDC, transferring it to other chains or withdrawing it.” This approach suggests a planned liquidation strategy rather than sporadic selling. Amidst the continuous selloffs, the MELANIA token has shown a major price drop in recent market activity. Price data shows a 5.3% drop in the past 24 hours and a 32.1% drop over both the 7-day and 30-day periods. The token remains 97.1% below its all-time high of $13.05 reached on January 20, 2025. The Melania token, associated with First Lady Melania Trump, initially gained traction during the meme coin buzz surrounding political figures and the Official Trump ( TRUMP ) meme coin. However, the continuous selling pressure from the project team raises questions about the token’s long-term viability and the team’s commitment to the project. At last check Saturday, MELANIA is down 7.1% over the past 24 hours.

The NFT market is showing strong recovery with sales volume jumping by 22.43% to $107.1 million. According to data from CryptoSlam , the NFT buyer count has increased by 33.82% to 523,950, while NFT sellers have grown by 20.75% to 269,713. NFT transactions have also risen by 22.68% to 1,711,931. The recovery has happened as Bitcoin’s ( BTC ) price has recovered to the $96,000 level. At the same time, Ethereum ( ETH ) has shown a 1.6% recovery in the last seven days and is hovering at the $1,800 level. The global crypto market cap is now $3 trillion, up from last week’s $2.97 trillion. Ethereum continues to lead blockchain NFT sales with $26.3 million. This is a 10.03% increase from the previous week. Ethereum’s wash trading has decreased by 13.89% to $3.1 million. Polygon (POL) has surged to second place with $19.8 million in sales, showing a growth of 102.45%. Mythos Chain holds the third position with $14.5 million, though sales are down 3.93%. Bitcoin maintains fourth place with $13.5 million, a 7.18% decrease. BNB ( BNB ) Chain has entered the top five with $9.5 million in sales, up 160.48%. Solana ( SOL ) rounds out the top blockchains with $9.2 million and has shown modest growth of 3.45%. In collection rankings, Courtyard on Polygon has reclaimed the top spot with $17.3 million in sales and posted a 98.93% increase. The collection saw transactions surge by 91.39% and buyers grow by 91.91%. DMarket remains in second place with $9.4 million in sales, though down 5.04%. Guild of Guardians Heroes has climbed to third with $5.5 million, showing growth of 52.08%. DKTNFT on BNB Chain has entered the fourth-place rankings with $4.8 million. The collection experienced growth of 334,637.93% in sales and 37,525% in transactions. CryptoPunks has fallen to fifth place with $3 million in sales, down 16.73%. The collection saw declines across all metrics, including transactions (18.42%), buyers (58.82%), and sellers (46.15%). Pudgy Penguins shows signs of recovery in seventh place with $2.4 million in sales, up 65.87%. The collection saw increased transactions (24.10%) and sellers (28.07%), though buyer numbers remained flat. Notable high-value sales from this week include:

BlackRock BUIDL AUM by chain: 1. @ethereum: $2.7B 2. @Aptos: $53.4M 3. @avax: $52.8M 4. @0xPolygon: $38.4M 5. @arbitrum: $32.5M 6. @Optimism: $26.2M 7. @solana: $20.1M ~92% of the fund is currently tokenized on Ethereum

AUM for the @apolloglobal Diversified Credit @Securitize Fund (ACRED) by chain: 1. @solana $25.4M 2. @ethereum $21.3M 3. @Aptos $20.2M 4. @0xPolygon $8.2M 5. @avax $5.1M 6. @inkonchain $102.2

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