Crypto Wallet Linked to Alleged Theft Launches New Memecoin Amid Scrutiny
- New Token Launch: A crypto wallet linked to an alleged theft from US government-controlled assets has launched a new token called John Daghita (LICK), which plummeted about 97% in value on its first trading day, raising concerns about its market viability.
- Market Performance: The token briefly reached a market capitalization of approximately $915,000 on its debut but fell below $25,000 by the time of writing, reflecting heightened investor caution regarding its risks.
- Concentration Risk: The deployer of LICK held 40% of the total supply at launch, a level of concentration often viewed as a red flag in early-stage token launches, potentially indicating risks of coordinated sell-offs or liquidity withdrawals.
- Ongoing Investigation: The US Marshals Service confirmed that an investigation is underway regarding the wallet's connections, although no further details were provided, intensifying market scrutiny on the risks associated with cryptocurrency launches and token distribution practices.
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Technical Analysis for MELANIA
Technical Sentiment Analysis for Official Melania Meme (MELANIA) As of , Official Melania Meme (MELANIA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MELANIA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MELANIA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Official Melania Meme (MELANIA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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