📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
The MELANIA group sold 82 million tokens, price fall 80%.
, over the past four months, accounting for 8.22% of the total supply. The price of MELANIA has fallen sharply from $1.22 to $0.20, a drop of 80% since the beginning of the sell-off. According to LookonChain, the team has sold tokens through 44 wallets, avoiding the oversight of the cryptocurrency community by strategically adding and withdrawing liquidity, reaping 244,934 SOL, equivalent to $35 million.
The community expresses concerns about the transparency and tokenomics of the project, especially as development is stagnating. The official documents acknowledge that this token "has no function" and there are no plans for reinvestment. This makes MELANIA a purely meme coin, with no utility, despite a market capitalization of 127 million.