📢 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
Melania Memecoin (MELANIA) Down 96% Amid Whale Sell-off and Low Interaction Levels
The value of Official Melania Meme (MELANIA) has recorded a fall of more than 96 percent in the past three months. The memecoin, associated with First Lady Melania Trump, has not gained significant traction like the Official Trump memecoin (TRUMP). Moreover, it still maintains a market capitalization and fully diluted valuation of over 1 billion dollars after launch, but MELANIA continues to fall. As of the time of writing this article, MELANIA has an FDV of approximately 515 million dollars and an average 24-hour trading volume reported to be around 22.77 million dollars. Whale MELANIA continues to fall The MELANIA meme project has faced heavy criticism due to low community engagement after a high-profile launch. Over the past few months, on-chain data has shown that early users of MELANIA have sold off, thereby reducing the bullish recovery momentum.
According to on-chain data analysis from Lookonchain, the MELANIA group has reduced its holdings by intervening in liquidity pools. Specifically, the MELANIA token group has sold 6.72 million tokens to acquire 34,168 Solana (SOL) over the past 25 days. Lookonchain notes that the MELANIA group has added and removed liquidity across 8 wallets recently. Mid-term market expectations After the strategic move by the Donald Trump administration to temporarily suspend reciprocal tariffs, except for China, for 90 days, the broader cryptocurrency market signaled a similar optimistic sentiment as the stock market. Furthermore, Trump posted on TruthSocial that many more great days will come following Wednesday's move. As a result, the price of MELANIA, in the 1-hour time frame, has formed a potential reversal pattern, characterized by an inverse head and shoulders pattern combined with the bullish divergence of the Relative Strength Index (RSI).
According to technical analysis, the price of MELANIA must always close above the established logarithmic downtrend to confirm a successful reversal pattern.