Investors are witnessing large sell-offs of the Official Melania memecoin by considerable holders, with the price falling dramatically. The coin, associated with First Lady Melania Trump, trades 93% below its all-time high. Notable transactions reveal one whale incurred a $15.68 million loss after selling 13.97 million MELANIA tokens. This mass exodus from the memecoin highlights the volatility within the market and the financial strain on investors. Analysts recommend cautious engagement with such risky investments as the broader market faces challenges.