A series of large-scale transactions involving the TRUMP and MELANIA projects have captured the community’s attention.
TRUMP and MELANIA are leveraging marketing strategies and partnerships to enhance the value of their tokens.
MELANIA Partners with Wintermute
The MELANIA project has announced a significant partnership with Wintermute, one of the leading liquidity providers in the cryptocurrency market.
According to data from EmberCN, the MELANIA team transferred 150 million MELANIA tokens (valued at $50 million) from the community wallet to new wallets. Of these, 20 million tokens (approximately $6.62 million) were sent to Wintermute’s address.
This move aims to enhance liquidity for MELANIA, facilitating smoother trading and stabilizing prices in the market. According to CoinGecko, MELANIA’s current price is $0.3512, up 4.8% in the past 24 hours, and its market capitalization is $141 million.
Despite this, MELANIA still recorded a large drop from its previous ATH. The current price has dropped more than 97% compared to January 20.
TRUMP: NFT Airdrop
The TRUMP project has also made notable strides. According to the GetTrumpMemes account, the project conducted a limited-edition NFT airdrop for guests attending the Crypto Dinner, an event tied to TRUMP’s Gala Dinner.
This move appears to have been foreshadowed by earlier hints about the launch of new NFTs.
Additionally, the X account EmberCN revealed that addresses associated with the TRUMP team injected 4.167 million TRUMP tokens into centralized exchanges (CEX), valued at approximately $47 million.
This action may aim to provide liquidity to the exchanges. However, it could trigger reactions for a large-scale sale, which might negatively impact the token’s price.
Like the MELANIA meme coin, TRUMP has lost more than 84% of its value compared to its previous ATH. At the time of writing, it is trading at just $11.20.
The partnership between MELANIA and Wintermute indicates a serious effort by the project to enhance liquidity and stabilize its token price — a professional step forward in its development strategy.
Meanwhile, TRUMP continues to leverage events and NFTs to boost visibility. Still, the large-scale token transfers to centralized exchanges could signal a potential sell-off, posing risks of price correction.
Both projects are making notable moves, but investors should closely monitor future developments to assess their real impact on the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
