Whale Triggers $MELANIA Price Jump with 6.69M Token Purchase for $10M USDC

• Whale’s $10M USDC move triggered a 17.24% surge in $MELANIA within 30 minutes.
• New $MELANIA whale now holds 0.66% of total supply, sparking increased market interest.
• $MELANIA saw 15% rise in active addresses following whale’s 6.69M token acquisition.

On February 4, 2025, the cryptocurrency market experienced a significant development as one address removed 10 million USDC from Binance. The funds obtained from the USDC withdrawal at Binance purchased 6.688 million $MELANIA tokens for $1.5 apiece. 

The large acquisition by this mysterious whale address generated market interest because it now is among the top ten largest holding addresses close to essential project and liquidity exchange address allocations. This has sparked the speculation of the possible further developments within $MELANIA project and the blockchain world.

Impact of Whale Acquisition on $MELANIA Market

The 6.688 million $MELANIA tokens constitute a significant purchase that equated to approximately $10 million. Following the purchase the mysterious wallet obtained control of 0.66% of all $MELANIA tokens which positions it among the top holders in the $MELANIA ecosystem. 

Whale Triggers $MELANIA Price Jump with 6.69M Token Purchase for $10M USDC 3

The token achieved rapid value appreciation after the transaction caused the price to rise to $1.65. In the initial half hour after buying 6,688,000 MELANIA tokens their price jumped 17.24% from $1.45 to $1.70.

The whale’s immediate market impact led to a rapid price increase that showed how much influence the investment had on the digital currency exchange. Investor interest among major platforms Uniswap and Binance has intensified along with their increased trading volume which shows a growing market sentiment change. The whale’s large-scale MELANIA token investment has put this cryptocurrency under observation from both institutional and retail investors.

Whale’s Impact on Market Sentiment

The massive acquisition of the $MELANIA token by the whale directly triggered a substantial increase both in trading activity and price value. The trading volume exceeded 2.5 million $MELANIA tokens across Binance within an hour post-transactions but Uniswap saw its users trade 1.8 million tokens during this period. This shows an increase in volume which is considered market activity, and will tend (potentially) to increase volatility.

Additionally, technical indicators, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support the increasing bullish market sentiment. The RSI indicator rose from 55 to 72 points, and the MACD crossover validated that upward market movement was set to continue. Following positive on-chain measurements, the number of active cryptocurrency addresses linked to $MELANIA rose by 15%.