The team behind President Donald Trump’s crypto operations has reportedly sent nearly $100 million worth of the TRUMP meme token to digital asset exchanges.
According to blockchain analytics firm Arkham, Trump’s team has done just that so far sent $92 Million to TRUMP for Crypto Exchanges
Arkham notes that the Trump team has blocked 80% of the supply, with 10% reserved for providing liquidity and another 10% planned for public distribution.
“TRUMP 100 million was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora.
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another 10% was divided between three portfolios:
Initial TRUMP Deployer (14 million TRUMP retained)
5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7
TRUMP Team Wallet 1 (received 56 million TRUMP)
2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv
TRUMP Team Wallet 2 (received TRUMP 30 million)
7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE”
Arkham say that just hours after TRUMP’s official announcement on the president’s social media, two of the Trump team’s three wallets began sending coins to crypto exchanges — presumably to sell on the open market.
“The TRUMP team also sent [$92] million TRUMP tokens to exchanges including Bybit and Kucoin. This happened from TRUMP Team Wallet 1 and TRUMP Team Wallet 2.
They waited seven hours after Trump’s tweet before they started sending coins to exchanges.”
At the time of writing, TRUMP is trading for $61 at a fully diluted valuation (FDV) of $61 billion.
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