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The Daily Hodl 2025-01-20 19:45:48

Trump Team Sends $92,000,000 Worth of Official Trump Memecoin to Exchanges: Arkham

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” 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 [$92] 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. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Trump Team Sends $92,000,000 Worth of Official Trump Memecoin to Exchanges: Arkham appeared first on The Daily Hodl .