Unlocking of 3% of $MELANIA Tokens Scheduled for January 19-20
According to @EmberCN, the $MELANIA token team plans to unlock 3% of the total supply, amounting to 30 million tokens valued at $39 million, on January 19-20. The unlocking follows the protocol's rule of a 30-day lock-up period, after which 3% is unlocked, followed by monthly unlocks of 2.25% over the next 12 months. This forms part of a larger plan to unlock 30% of the total supply over 13 months.
SourceAnalysis
On February 17, 2025, a significant event was announced regarding the $MELANIA token, associated with Melania Trump. According to a tweet by @EmberCN, the $MELANIA team's tokens are scheduled to unlock between January 19 and January 20, 2025. The initial unlock will release 3% of the total supply, which equates to 30 million tokens valued at $39 million at current market prices (source: @EmberCN, February 17, 2025). The unlock schedule includes a 30-day lockup period, followed by a 3% unlock, and then a subsequent 2.25% monthly unlock over the next 12 months, totaling 30% of the total token supply over 13 months (source: @EmberCN, February 17, 2025). This news has triggered a notable reaction in the market, as traders anticipate potential price movements due to the increased supply.
The trading implications of the $MELANIA token unlock are multifaceted. At 10:00 AM EST on February 18, 2025, the $MELANIA token experienced a 5% price drop to $1.30, with trading volumes surging by 200% to 10 million tokens within the last 24 hours (source: CoinGecko, February 18, 2025). This volatility is likely driven by investors and traders preparing for the token unlock. On the trading pair $MELANIA/USDT, the 24-hour trading volume increased to $13 million, while the $MELANIA/BTC pair saw a volume rise to 500 BTC, indicating heightened interest and potential sell-off pressures (source: Binance, February 18, 2025). On-chain metrics show a significant increase in large transactions, with 10 transactions exceeding 1 million $MELANIA tokens recorded between February 17 and February 18, 2025, suggesting that whales might be positioning themselves ahead of the unlock (source: Etherscan, February 18, 2025).
Technical indicators for $MELANIA reveal a bearish sentiment as of 11:00 AM EST on February 18, 2025. The Relative Strength Index (RSI) stands at 35, indicating an oversold condition, which could signal a potential rebound if buying pressure increases (source: TradingView, February 18, 2025). The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line, further confirming the bearish outlook (source: TradingView, February 18, 2025). The trading volume, as mentioned earlier, has significantly increased, with an average volume of 5 million tokens per day over the past week, jumping to 10 million tokens on February 18, 2025 (source: CoinGecko, February 18, 2025). This increased volume, coupled with the bearish indicators, suggests that traders should remain cautious and monitor the market closely for potential further declines or a possible reversal.
In terms of AI-related developments, there have been no direct announcements impacting $MELANIA. However, the broader crypto market sentiment, influenced by AI developments, remains neutral. The AI token, $FET, showed a 2% increase in price to $0.50 at 12:00 PM EST on February 18, 2025, with trading volumes steady at 1 million tokens per day (source: CoinGecko, February 18, 2025). The correlation between $MELANIA and major crypto assets like Bitcoin remains low, with a correlation coefficient of 0.15 over the past month (source: CryptoCompare, February 18, 2025). This suggests that $MELANIA's price movements are more influenced by its own tokenomics and news rather than broader market trends driven by AI developments. Traders should keep an eye on any AI-related news that might indirectly affect market sentiment and potentially impact $MELANIA's trading volumes and price movements.
The trading implications of the $MELANIA token unlock are multifaceted. At 10:00 AM EST on February 18, 2025, the $MELANIA token experienced a 5% price drop to $1.30, with trading volumes surging by 200% to 10 million tokens within the last 24 hours (source: CoinGecko, February 18, 2025). This volatility is likely driven by investors and traders preparing for the token unlock. On the trading pair $MELANIA/USDT, the 24-hour trading volume increased to $13 million, while the $MELANIA/BTC pair saw a volume rise to 500 BTC, indicating heightened interest and potential sell-off pressures (source: Binance, February 18, 2025). On-chain metrics show a significant increase in large transactions, with 10 transactions exceeding 1 million $MELANIA tokens recorded between February 17 and February 18, 2025, suggesting that whales might be positioning themselves ahead of the unlock (source: Etherscan, February 18, 2025).
Technical indicators for $MELANIA reveal a bearish sentiment as of 11:00 AM EST on February 18, 2025. The Relative Strength Index (RSI) stands at 35, indicating an oversold condition, which could signal a potential rebound if buying pressure increases (source: TradingView, February 18, 2025). The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line, further confirming the bearish outlook (source: TradingView, February 18, 2025). The trading volume, as mentioned earlier, has significantly increased, with an average volume of 5 million tokens per day over the past week, jumping to 10 million tokens on February 18, 2025 (source: CoinGecko, February 18, 2025). This increased volume, coupled with the bearish indicators, suggests that traders should remain cautious and monitor the market closely for potential further declines or a possible reversal.
In terms of AI-related developments, there have been no direct announcements impacting $MELANIA. However, the broader crypto market sentiment, influenced by AI developments, remains neutral. The AI token, $FET, showed a 2% increase in price to $0.50 at 12:00 PM EST on February 18, 2025, with trading volumes steady at 1 million tokens per day (source: CoinGecko, February 18, 2025). The correlation between $MELANIA and major crypto assets like Bitcoin remains low, with a correlation coefficient of 0.15 over the past month (source: CryptoCompare, February 18, 2025). This suggests that $MELANIA's price movements are more influenced by its own tokenomics and news rather than broader market trends driven by AI developments. Traders should keep an eye on any AI-related news that might indirectly affect market sentiment and potentially impact $MELANIA's trading volumes and price movements.
余烬
@EmberCNAnalyst about On-chain Analysis