tl;dr
The team behind President Donald Trump’s crypto operations reportedly sent nearly $100 million worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team sent $92 million worth of TRUMP to crypto exchanges. Arkham notes that the Trump team l...
President Trump's team sent $92 million worth of TRUMP meme token to crypto exchanges, with 80% of the supply locked up, 10% for liquidity, and 10% for public distribution.
Two of the three Trump team wallets sent coins to crypto exchanges shortly after the official announcement of TRUMP from the President's social media.
TRUMP tokens were sent to exchanges including Bybit and Kucoin from TRUMP Team Wallet 1 and TRUMP Team Wallet 2, with TRUMP trading at $61 and a fully diluted valuation of $61 billion.
The team behind President Donald Trump’s crypto operations reportedly sent nearly $100 million worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team sent $92 million worth of TRUMP to crypto exchanges. Arkham notes that the Trump team locked up 80% of the supply, with 10% reserved for liquidity and another 10% planned for public distribution. The TRUMP Liquidity Provider received 100 million TRUMP, and 10% was split between three wallets: Initial TRUMP Deployer (kept 14 million TRUMP), TRUMP Team Wallet 1 (received 56 million TRUMP), and TRUMP Team Wallet 2 (received 30 million TRUMP). Arkham also reported that two of the three Trump team wallets began sending coins to crypto exchanges just hours after the official announcement of TRUMP from the President’s social media. The TRUMP team sent millions of TRUMP tokens to exchanges, including Bybit and Kucoin, from TRUMP Team Wallet 1 and TRUMP Team Wallet 2. At the time of writing, TRUMP is trading for $61 at a fully diluted valuation (FDV) of $61 billion. Image Source: Arkham/X The team behind President Donald Trump’s crypto operations reportedly sent nearly a hundred million dollars worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team has so far sent $92 million worth of TRUMP to crypto exchanges Arkham notes that the Trump team locked up 80% of the supply, with 10% reserved to provide liquidity and another 10% planned for public distribution. “100 million TRUMP was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora. 8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb another 10% was split between three wallets: Initial TRUMP Deployer (kept 14 million TRUMP) 5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7 TRUMP Team Wallet 1 (received 56 million TRUMP) 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv TRUMP Team Wallet 2 (received 30 million TRUMP) 7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE” Image Source: Arkham/X Arkham says that just hours after the official announcement of TRUMP from the President’s social media, two of the three Trump team wallets began sending coins to crypto exchanges – presumably to sell on the open market. “The TRUMP team has also sent million of TRUMP tokens to exchanges, including Bybit and Kucoin. This has occurred from TRUMP Team Wallet 1 and TRUMP Team Wallet 2. They waited for seven hours after Trump’s tweet to begin sending coins to exchanges.” At time of writing, TRUMP is trading for $61 at a fully diluted valuation (FDV) of $61 billion.