MELANIA loses 90% after 8% supply dump – Is recovery still possible?

MELANIA’s trading volume declined over 80% in Q2

• The MELANIA team dumped over 8% of the token’s total supply in four months. 
• The selling pressure has shed over 90% of the token’s value, with no signs of recovery. 

Since January, Official Melania Meme [MELANIA] has been in free fall with no relief in sight. It has shed over 90% in the past five months, dropping from over $14 to $0.2. 

Since May, the memecoin has dropped 60%, hitting new lows, but the sharp decline has stabilized near $0.20.

A major factor behind the sell-off appears to be heavy token dumping by the project’s team.