According to Arkham's analysis, the Trump team did not sell $500 million of TRUMP. It noted that the team held about $500 million of TRUMP liquidity pools on-chain, from which they withdrew a total of $20 million (as USDC). Additionally, the team appears to have sent $92 million of TRUMP to the exchange.
TRUMP is locked at 80%, with 10% for liquidity and 10% for "open distribution". 100 million TRUMPs are sent to TRUMP liquidity providers, which increases liquidity on Meteora and another 10% is distributed to 3 wallets. Of these wallets, three have added liquidity on Meteora. TRUMP Liquidity Provider, TRUMP Team Wallet 1 and TRUMP Team Wallet.
Arkham: Trump team not selling $500 million TRUMP
2025-01-19 00:39:05
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