Large holders are rapidly offloading meme-based political tokens TRUMP and MELANIA, locking in multi-million-dollar losses. According to Spotonchain on February 25, two major transactions alone resulted in over $40.4 million in losses within a month.
Once highly popular due to political campaigns, these tokens have lost a significant portion of their value, leading investors to question whether they can recover.
- One major wallet, DNTpo, spent $30 million USDC to buy 13.98 million MELANIA but later sold them for $14.32 million USDC, realizing a $14.9 million loss (51% of the initial investment).
- Another large address, EwkH5, sold 763,483 TRUMP for $9.47 million USDC, incurring a $25.5 million loss (72%) in just a month.
- A third investor bought MELANIA for $10 million USDC but liquidated their position over the past two days, losing $3.37 million.
These sell-offs occurred amid a broader market decline, with Bitcoin dropping below $90,000, triggering mass liquidations. Whales are now exiting meme-based political tokens, reinforcing the bearish trend.
Over the past 30 days, TRUMP has plunged 50.7%, while MELANIA has crashed 62.53%, leaving the market in an extremely volatile state. Many traders and investors believe the growth potential for these tokens has been exhausted.
