Key Takeaways
- Following the 1-month debut of the MELANIA token, its token unlocking event will commence on the 19th or 20th of February 2025.
- In the event, the token will release 3% of its total supply, followed by a monthly 2.5% release scheduled for the next 12 months.
- This unlocking event is expected to bring down the token’s price and demand in the coming days, marking a bearish rally for the coin.
The $MELANIA is one of the most-talked meme coins in the market, especially considering the token’s potential is in alignment with the US President Donald Trump. According to a recent post made by @EmberCN, the famous meme token is poised to unlock 3% of its total supply, estimated to be about 30 million pretty soon. This new development surrounding the token has spread like wildfire across the crypto-verse.
This article will explore this new news and what it entails for the US crypto market. Furthermore, we will also look into the token-unlocking procedure and its current market performance.
MELANIA Token Unlocking Scheduled For Feb 19th/20th
$MELANIA is a meme token launched by Melania Trump, the wife of Donald J Trump amid his ascension ceremony. The coin’s current circulating supply amounts to about 487 million out of a total supply of 999.99 million tokens. Based on a recent post by EmberCN in X, about 3% of the token’s total supply, amounting to about 30 million worth over $39 million will be unlocked on February 19th or 20th, 2025.
This unlocking procedure of the MELANIA coin is the first part of a well-structured release plan made by the team behind it. Per this plan, the team will unlock 3% of the token’s supply after 30 days, ending on the 19th of February. After this initial unlock, there will be 2.25% monthly unlocking for the next 12 months, planning to release a total of 30% of its supply.
Market Implications Behind The MELANIA Unlocking
The unlocking event conducted by the MELANIA token’s team is poised to bring significant changes to the coin’s market dynamics and potential price movements. Out of these changes, the main one includes the selling pressure followed by the decrease in demand for the famous meme tokens.
Given the upcoming token unlocks, the coin’s market value will likely decrease by about a great value in the coming days. This fact was cemented by the 2.25% decrease in the trading pair of MELANIA/USDT in the prominent exchange, Binance. There is also heightened trading activity surrounding the token holder’s wallets indicating a highly volatile period ahead for the token.
Technical Indicators Predict Bearish Outlook For The MELANIA Token
Various technical analysis conducted on the $MELANIA meme token reveals a short-term bearish trend. The Relative Strength Index (RSI) indicator for the token shows a value of 38, an indication of an overbought scenario. The Moving Average Convergence Divergence indicator shows the line crossing below the signal line, signaling a bearish crossover as of 17th February 2025.
During the same day, the trading volume of the token also went considerably high during a 5-hour range, estimated to be about a 30% surge, noting an increased market activity in anticipation of the unlock event of the meme token. However, during this time, the token has also registered a price drop of over 1.5%.
MELANIA Current Market Performance & Future Outlook
In the past 24 hours, the $MELANIA has dropped over 4.5% and is currently valued at $1.28. The coin is currently ranked #104 on its market capitalization, estimated to be $626.66 million with a circulating supply of 487.31 million tokens as of 17th February 2025. The coin maintains a support level of $1.26, which could go down as the unlocking date approaches, while also encountering steady resistance whenever it tries to go over the $1.35 range.
Even with all this, various market analysts claim that the tokens have the potential to make a huge comeback and reach a high of $5.15 by the end of the second quarter of 2025. But if there is positive news or event surrounding the US First Lady, the coin could very well attain a new all-time high by the end of this year. For further valuable news and updates in the crypto market, stay tuned.
