According to ChainCatcher, according to Ember Monitor, a MELANIA giant whale address sold 13.975 million MELANIA in one go on the chain 4 hours ago in exchange for 14.316 million USDC, a move that caused the MELANIA price to plummet from US$1.17 to US$1, a drop of 14.5%. The address previously invested USD 28.93 million in USDC to accumulate these tokens at an average cost of $2.07 in late January through DEX purchases and providing unilateral liquidity. The sell-off caused a loss of approximately US$14.61 million, with a loss rate of 50%.