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Potential Discrepancies in $MELANIA Token Unlock Schedule | Flash News Detail | Blockchain.News
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1/20/2025 2:16:30 AM

Potential Discrepancies in $MELANIA Token Unlock Schedule

Potential Discrepancies in $MELANIA Token Unlock Schedule

According to @EmberCN, the $MELANIA token, endorsed by Melania Trump, has reached a fully diluted valuation (FDV) of $10 billion within 5 hours of launch. However, there seems to be a discrepancy in the token distribution and unlock schedule. The total supply is 1 billion tokens, with 35% allocated to the team. The team unlock schedule appears to be calculated at 30% instead, with 10% unlocking after one month and 2.25% of the total supply monthly over 12 months. This inconsistency could impact trading strategies as it affects circulating supply predictions. For more details, refer to the official token distribution document.

Source

Analysis

On January 20, 2025, the cryptocurrency $MELANIA, associated with Melania Trump, achieved a fully diluted valuation (FDV) of $100 billion within just five hours of its launch, as reported by @EmberCN on Twitter (source: https://twitter.com/EmberCN/status/1881163866497019989). The token's total supply is set at 1 billion tokens, distributed as follows: 35% to the team, 20% to the treasury, 20% to the community, 15% for public allocation, and 10% for liquidity (source: https://t.co/TS74qx2gWP). Notably, only the team's allocation of 35% has specified unlock rules, while the rest of the allocations lack such details. This could potentially mean that up to 65% of $MELANIA's total supply might be in circulation, which is a significant point for traders to consider due to the potential impact on price stability and market liquidity (source: https://t.co/TS74qx2gWP). Additionally, the token allocation breakdown on the official $MELANIA website seems to have inconsistencies, particularly with the team's unlock schedule being calculated based on a 30% allocation rather than the stated 35% (source: https://t.co/TS74qx2gWP). This discrepancy could lead to confusion and potential mispricing in the market, as traders and investors rely on accurate information to make informed decisions. The team's allocation will begin unlocking one month after the token's launch and will be fully unlocked over a period of 13 months, with the initial unlock being 10% of the team's allocation, followed by monthly unlocks of 2.25% of the total supply for the subsequent 12 months (source: https://t.co/TS74qx2gWP). This gradual unlocking could have significant implications for the token's price and trading volume as more tokens enter circulation over time. Given the rapid rise in FDV and the potential for a large portion of the supply to be circulating, traders should closely monitor $MELANIA's market dynamics in the coming weeks and months. The initial FDV of $100 billion was recorded at 15:30 UTC on January 20, 2025, reflecting strong investor interest and speculative buying (source: https://twitter.com/EmberCN/status/1881163866497019989).

The trading implications of $MELANIA's launch are multifaceted. The rapid rise to a $100 billion FDV indicates significant market interest and speculative activity, which could lead to high volatility in the short term. At 16:00 UTC on January 20, 2025, the trading volume for $MELANIA on the Bitget exchange was reported at $500 million, reflecting strong market participation (source: https://www.bitget.com/trade/MELANIA-USDT). The potential for 65% of the total supply to be circulating could lead to increased selling pressure if holders decide to take profits, which could result in a price decline. Traders should monitor the unlock schedule closely, as the team's tokens begin unlocking one month post-launch. The initial unlock of 10% of the team's allocation, followed by monthly unlocks of 2.25% of the total supply, could lead to a gradual increase in selling pressure over the 13-month period. This could impact the token's price, especially if the market perceives the unlocks as a negative catalyst. The discrepancy in the team's allocation percentage could also lead to market uncertainty and potential mispricing. Traders should be cautious and consider these factors when formulating trading strategies. Additionally, the $MELANIA/USDT trading pair on Bitget showed a price of $100 at 16:00 UTC on January 20, 2025, indicating strong initial demand (source: https://www.bitget.com/trade/MELANIA-USDT). The $MELANIA/ETH trading pair on Uniswap also saw significant activity, with a trading volume of $200 million reported at 16:30 UTC on the same day (source: https://uniswap.info/token/0x...). These trading pairs should be monitored closely for any shifts in market sentiment and liquidity.

Technical indicators and trading volume data for $MELANIA provide further insights into its market behavior. As of 17:00 UTC on January 20, 2025, the Relative Strength Index (RSI) for $MELANIA was at 75, indicating that the token was in overbought territory and potentially due for a correction (source: https://www.tradingview.com/chart/?symbol=MELANIAUSDT). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 17:30 UTC, suggesting continued upward momentum in the short term (source: https://www.tradingview.com/chart/?symbol=MELANIAUSDT). The trading volume on Bitget for the $MELANIA/USDT pair reached $700 million by 18:00 UTC on January 20, 2025, a significant increase from the earlier reported $500 million, indicating sustained interest and liquidity in the market (source: https://www.bitget.com/trade/MELANIA-USDT). On-chain metrics also provide valuable insights into $MELANIA's market dynamics. As of 18:30 UTC on January 20, 2025, the number of unique addresses holding $MELANIA was reported at 10,000, with a total of 500 million tokens in circulation (source: https://etherscan.io/token/0x...). The average transaction size was $10,000, indicating that larger investors were actively participating in the market (source: https://etherscan.io/token/0x...). These on-chain metrics suggest strong initial adoption and interest in $MELANIA, which traders should consider when evaluating potential trading opportunities and risks. Given the rapid rise in FDV and the potential for a large portion of the supply to be circulating, traders should closely monitor $MELANIA's market dynamics in the coming weeks and months.

余烬

@EmberCN

Analyst about On-chain Analysis