加密货币市场最近充满了波动性，尤其是一个令牌是令人不安的趋势的核心：$ Melania。

Melania曾经被称为加密球体的新兴象征，后来经历了一种著名且看似不可逆转的转变

A recent sale and major losses by significant holders of $MELANIA offer a sobering glimpse of the volatility and unpredictability associated with the crypto market.

$ Melania $ Melania的近期销售和重大损失使人们对加密市场相关的波动性和不可预测性令人醒目。

While $MELANIA was once a celebrated token in the crypto sphere, it has, as of late, undergone a notable and seemingly irreversible shift in sentiment, with big holders of the token reducing their positions and selling off significant amounts at considerable losses. Investor confidence has taken a nosedive, and that’s got the broader marketplace worried, particularly those who had poured considerable amounts of capital into $MELANIA. Two particularly noteworthy trades among $MELANIA investors have opened the eyes of market observers to how fast and how far fortunes can fall when something as fundamental as investor confidence goes off the rails. These events spotlight how precarious the current market is for any set of collective tokens—let alone set using a novel, unproven mechanism like the one underpinning $MELANIA.

尽管$ Melania曾经是加密货币领域中著名的令牌，但最近它经历了一种著名且看似不可逆转的情感转变，代币的大持有人减少了他们的位置并以相当大的损失出售。投资者的信心使人们感到卑鄙，这使得更广泛的市场感到担忧，尤其是那些将大量资本投入$ Melania的人。 $ Melania投资者中的两项特别值得注意的交易使市场观察家的目光睁开了，因为当投资者信心脱离轨道上的基本基础时，财富的速度和货物能够下降多远。这些事件聚焦于当前市场对任何集体代币的不稳定 - 单独使用一种尚未实现的机制（如$ Melania的基础）设置。

Significant Losses From Major Wallets

主要钱包的重大损失

One of the downturn’s most striking examples comes from the wallet address DNTpoX…LN2A, which had bought 13.97 million $MELANIA tokens for an incredible $30 million in USDC just one month ago. However, this position was sold off just yesterday for $14.32 million, resulting in a staggering loss of $15.68 million. This sharp drop reflects the broader trend of investors fleeing the token as it continues to underperform in the market.

经济低迷的最引人注目的例子之一来自钱包地址dntpox…LN2A，它在一个月前就购买了1397万美元的梅拉尼亚代币，以令人难以置信的3000万美元的价格购买了3000万美元。但是，该职位仅昨天以1432万美元的价格被卖掉，导致了1568万美元的惊人损失。这种急剧下降反映了投资者在市场表现不佳的情况下逃离代币的更广泛趋势。

The enormous size of the loss highlights how fast things can change in the unstable world of cryptocurrency. An investment position of $30 million was reduced to only $14.32 million over just one month—a truly awful result for the investor. And we are left to wonder what might happen next: Can the token come back from this loss, or is it starting to trend down over the longer term, a decline that will impact others holding $MELANIA?

损失的巨大尺寸突出了不稳定世界中的速度可以改变的速度。在短短一个月内，投资头寸的3000万美元仅减少到1432万美元，这对投资者来说是一个真正可怕的结果。我们要想知道接下来会发生什么：代币可以从这种损失中恢复过来，还是从长远来看会开始趋势，这会影响其他持有$ Melania的人？

In a comparable situation, wallet Gu2bnm…xmni acquired 6.69 million $MELANIA tokens for $10 million in USDC only 22 days ago. But in the past two days, the same investor has sold off 6.27 million of those tokens, returning just $6.27 million for them. That means the investor took a $3.73 million loss as part of the transaction. Another way to look at it is that the offloading has resulted in the $MELANIA token now appearing to be on life support.

在可比的情况下，Wallet Gue2BNM…XMNI仅22天前以1000万美元的价格收购了669万美元的Melania代币。但是在过去的两天中，同一投资者已经卖出了627万个代币，仅返还了627万美元。这意味着投资者在交易的一部分中损失了373万美元。另一种看待它的方法是，卸载导致了现在的$ Melania代币，现在似乎正在享受生命支持。

Big losses for these traders—seems like confidence in #MELANIA is fading.Recently, major holders have offloaded their $MELANIA positions, taking heavy losses: pic.twitter.com/CrYE4Z4pvc

这些交易员的巨大损失 - 似乎对#Melania的信心正在消失。绝对，主要持有人已经卸载了他们的$ Melania职位，承担了沉重的损失：pic.twitter.com/cryee4z4pvc

— EyeOnChain 🔶 (@EyeOnChain) February 26, 2025

- 眼链🔶（@eyeonchain）2025年2月26日

While this loss is not as big as the first case, it still reflects a significant decrease in value over a very short period. Here is what our token holders are grappling with: They had hoped for a quick return on their investment in MELANIA, and now they’re dealing with the news that our coin is not a stable investment and, much to our chagrin, is losing value a lot faster than we wanted or expected.

尽管这种损失不如第一种情况大，但它仍然反映出在很短的时间内价值的显着下降。这是我们的代币持有人正在努力的努力：他们希望快速对梅拉尼亚的投资回报，现在他们正在处理这样的消息，即我们的硬币不是稳定的投资，而且对于我们的cha恼而造成的价值比我们想要或期望的要快得多。

The Erosion of Confidence in $MELANIA

对$ Melania的信心侵蚀

These considerable losses are a mirror of a larger trend of dwindling confidence in $MELANIA. The token’s not coming near what it initially promised has probably sent many investors running for the hills. The early investors and the large-sum investors likely being the first in line, spooked by the returns we’ve seen to this point.

这些巨大的损失是对$ Melania信心减少的更大趋势的镜子。代币并没有接近它最初承诺的，这可能会使许多投资者奔跑于山丘上。早期的投资者和大型投资者可能是第一个排队的人，这是我们目前所看到的回报所吓到的。

And yes, while it’s no surprise that our old friends risk and tolerance are prevalent in the crypto space, some fairly lasting sentiment impacts should also be mentioned when talking about what these losses might do to morale going forward.

是的，虽然我们的老朋友的风险和宽容在加密货币空间中普遍存在也就不足为奇了，但在谈论这些损失可能对士气造成什么影响时，也应提及一些相当持久的情感影响。

The sales’ timing strongly suggests that a number of traders were counting on a short-term uptick in prices. When that didn’t happen—when, instead, prices seemed destined to keep falling—these traders, across the two aforementioned wallets, cut their losses. In the long run, the $26.4 million worth of Bitcoin sold across those two wallets won’t make much of a difference to the overall price of Bitcoin. But their price-recovery hopes recently suggest a not-so-rosy picture for crypto traders.

销售的时机强烈表明，许多交易者正在依靠价格上涨。当这种情况没有发生时（相反，当价格注定要一直在下跌时），这些交易员，遍布上述两个钱包，削减了损失。从长远来看，在这两个钱包中售出的价值2640万美元的比特币与比特币的整体价格没有太大影响。但是他们的价格恢复希望最近向加密货币交易者展示了一幅不太艰难的情况。

Moreover, the market’s response to these divestitures may be causing $MELANIA’s price to drop even more steeply. When significant holders of a token announce that they are liquidating a large portion of their holdings, it tends to instill fear in other investors. This fear can lead to a broad sell-off, with more and more investors opting to get out of the token as the price appears to be in free fall. If the token hasn’t already lost most of its market momentum, this scenario tends to accelerate the downward price movement and create a tough-to-reverse

此外，市场对这些剥离的反应可能导致梅拉尼亚的价格更加陡峭。当一个代币的重要持有人宣布他们正在清算其大部分股份时，它往往会向其他投资者灌输恐惧。这种恐惧会导致广泛的抛售，越来越多的投资者选择摆脱代币，因为价格似乎是自由跌倒的。如果令牌尚未失去大部分市场动力，则这种情况往往会加速下降价格的转移，并创造出很难反向的情况