Data: MELANIA giant whale sold 13.975 million tokens in a single transaction, losing 14.61 million USD

According to ChainCatcher news, monitoring by Yu Jing indicates that a MELANIA whale address sold 13.975 million MELANIA on-chain in a single transaction 4 hours ago, exchanging it for 14.316 million USDC. This move caused the MELANIA price to plummet from $1.17 to $1, a decrease of 14.5%.

The address had previously accumulated these tokens by purchasing and providing unilateral liquidity through DEX at the end of January, investing 28.93 million USDC with an average cost of $2.07. This sell-off resulted in a loss of approximately 14.61 million dollars, with a loss rate of 50%.