A MELANIA whale cut its losses and suffered a loss of $14.61 million
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Odaily reported that a MELANIA whale address sold 13,975,000 MELANIA tokens on-chain for 14,316,000 USDC, directly crashing the MELANIA price by 14.5% (from $1.17 to $1). This whale had accumulated 13,975,000 MELANIA tokens a month ago through direct purchases or single-sided liquidity provision on a DEX, at an average cost of $2.07. 4 hours ago, they sold all their holdings for 14,316,000 USDC, incurring a loss of $14.61 million (-50%), effectively halving their investment.
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