A certain MELANIA Whale "Surrenders" and Liquidates Positions, Facing a Loss of Up to $14.61 Million

BlockBeats News, February 25th. According to EmberCN monitoring, 4 hours ago, a certain MELANIA whale address conducted an on-chain rug pull, selling 13.975 million MELANIA tokens in exchange for 14.316 million USDC, causing the MELANIA price to drop by 14.5% (from $1.17 to $1).

This whale had previously acquired 13.975 million MELANIA tokens a month ago by directly purchasing through a DEX or providing single-sided liquidity, spending 28.93 million USDC. The average purchase price was $2.07, resulting in a staggering loss of $14.61 million (-50%), leading to a half of its position being liquidated.