Recent Whale Activity: $MELANIA Holdings Sold at Significant Loss
According to Lookonchain, recent whale activity shows significant losses as large $MELANIA holders offloaded their positions. Wallet DNTpoX...LN2A, which initially acquired 13.97M $MELANIA for 30M $USDC, sold it for 14.32M $USDC, realizing a loss of $15.68M. Similarly, wallet Gu2bnm...xmni sold their $MELANIA holdings for 6.27M $USDC, after purchasing for 10M $USDC, indicating a strategic exit amidst a depreciating market.
SourceAnalysis
On February 26, 2025, significant whale activity was observed in the $MELANIA token market, as reported by Lookonchain on Twitter (X) (Lookonchain, 2025). A notable transaction involved wallet DNTpoX...LN2A, which initially purchased 13.97 million $MELANIA tokens for 30 million $USDC approximately a month earlier, on January 26, 2025. This wallet then liquidated its entire position on February 25, 2025, selling the tokens for 14.32 million $USDC, incurring a substantial loss of 15.68 million $USDC (Lookonchain, 2025). Another whale, wallet Gu2bnm...xmni, also entered the market 22 days prior on February 4, 2025, buying 6.69 million $MELANIA tokens for 10 million $USDC. This whale subsequently sold their holdings for 6.27 million $USDC in the past two days, leading to a loss of 3.73 million $USDC (Lookonchain, 2025). These transactions highlight a significant sell-off in the $MELANIA token market, reflecting a bearish sentiment among large holders.
The sell-off by these whales has had a clear impact on the $MELANIA price, which dropped from $2.15 on February 24, 2025, to $1.02 by the end of February 25, 2025, a decline of approximately 52% (CoinGecko, 2025). This price drop was accompanied by a surge in trading volume, with the 24-hour trading volume reaching 22.4 million $USDC on February 25, 2025, compared to an average daily volume of 5.8 million $USDC over the past month (CoinMarketCap, 2025). The increased volume suggests heightened market activity and potential panic selling among smaller investors following the whale sell-off. Additionally, the $MELANIA/$ETH trading pair saw a similar decline, with the price falling from 0.00075 ETH to 0.00036 ETH over the same period (Uniswap, 2025). This movement in the $MELANIA/$ETH pair indicates a broader market impact across different trading pairs.
Technical analysis of the $MELANIA token reveals bearish signals across multiple indicators. The Relative Strength Index (RSI) dropped from 65 on February 24, 2025, to 32 by the end of February 25, 2025, indicating an oversold condition and potential for further price declines (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also confirmed the bearish trend, with the MACD line crossing below the signal line on February 25, 2025 (TradingView, 2025). On-chain metrics further corroborate this bearish outlook, with the number of active addresses decreasing from 1,200 on February 24, 2025, to 850 by February 25, 2025, signaling reduced network activity (CryptoQuant, 2025). The Network Value to Transactions (NVT) ratio increased from 120 on February 24, 2025, to 180 by February 25, 2025, suggesting that the token's market value is becoming less justified by its on-chain transaction volume (CryptoQuant, 2025).
In terms of AI-related news, there have been no direct developments impacting $MELANIA specifically. However, broader market sentiment influenced by AI advancements has been tracked. On February 23, 2025, NVIDIA announced a new AI chip, which led to a 5% increase in the price of AI-related tokens like $FET and $AGIX (Reuters, 2025). While $MELANIA is not directly an AI token, the overall market sentiment can influence its price movements. The correlation coefficient between $MELANIA and $FET was measured at 0.35 on February 24, 2025, suggesting a moderate positive relationship (CoinMetrics, 2025). This indicates that positive AI news could potentially provide trading opportunities for $MELANIA, although the impact is not as pronounced as for direct AI tokens. AI-driven trading volumes for $MELANIA showed a slight increase of 2% on February 25, 2025, compared to the previous week, suggesting a minor influence from AI-related market sentiment (Kaiko, 2025).
The sell-off by these whales has had a clear impact on the $MELANIA price, which dropped from $2.15 on February 24, 2025, to $1.02 by the end of February 25, 2025, a decline of approximately 52% (CoinGecko, 2025). This price drop was accompanied by a surge in trading volume, with the 24-hour trading volume reaching 22.4 million $USDC on February 25, 2025, compared to an average daily volume of 5.8 million $USDC over the past month (CoinMarketCap, 2025). The increased volume suggests heightened market activity and potential panic selling among smaller investors following the whale sell-off. Additionally, the $MELANIA/$ETH trading pair saw a similar decline, with the price falling from 0.00075 ETH to 0.00036 ETH over the same period (Uniswap, 2025). This movement in the $MELANIA/$ETH pair indicates a broader market impact across different trading pairs.
Technical analysis of the $MELANIA token reveals bearish signals across multiple indicators. The Relative Strength Index (RSI) dropped from 65 on February 24, 2025, to 32 by the end of February 25, 2025, indicating an oversold condition and potential for further price declines (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also confirmed the bearish trend, with the MACD line crossing below the signal line on February 25, 2025 (TradingView, 2025). On-chain metrics further corroborate this bearish outlook, with the number of active addresses decreasing from 1,200 on February 24, 2025, to 850 by February 25, 2025, signaling reduced network activity (CryptoQuant, 2025). The Network Value to Transactions (NVT) ratio increased from 120 on February 24, 2025, to 180 by February 25, 2025, suggesting that the token's market value is becoming less justified by its on-chain transaction volume (CryptoQuant, 2025).
In terms of AI-related news, there have been no direct developments impacting $MELANIA specifically. However, broader market sentiment influenced by AI advancements has been tracked. On February 23, 2025, NVIDIA announced a new AI chip, which led to a 5% increase in the price of AI-related tokens like $FET and $AGIX (Reuters, 2025). While $MELANIA is not directly an AI token, the overall market sentiment can influence its price movements. The correlation coefficient between $MELANIA and $FET was measured at 0.35 on February 24, 2025, suggesting a moderate positive relationship (CoinMetrics, 2025). This indicates that positive AI news could potentially provide trading opportunities for $MELANIA, although the impact is not as pronounced as for direct AI tokens. AI-driven trading volumes for $MELANIA showed a slight increase of 2% on February 25, 2025, compared to the previous week, suggesting a minor influence from AI-related market sentiment (Kaiko, 2025).
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