Trump Team Sends $92,000,000 in Official Trump Meme Coin to Exchanges: Arkham

The staff behind President Donald Trump’s crypto operations has reportedly despatched practically $100 million price of the TRUMP meme token to digital asset exchanges.

In accordance with blockchain analytics agency Arkham, Trump’s staff has executed simply that to date sent $92 Million to TRUMP for Crypto Exchanges

Arkham notes that the Trump staff has blocked 80% of the provision, with 10% reserved to supply liquidity and one other 10% deliberate for public distribution.

“TRUMP 100 million was despatched to the TRUMP Liquidity Supplier, which added liquidity on Meteora.
8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb

one other 10% was break up between three wallets:

Preliminary TRUMP Deployer (14 million TRUMP retained)
5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7

TRUMP Crew Pockets 1 (obtained 56 million TRUMP)
2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv

TRUMP Crew Pockets 2 (obtained TRUMP 30 million)
7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE”

Arkham say that simply hours after TRUMP’s official announcement on the president’s social media, two of the Trump staff’s three wallets started sending cash to crypto exchanges – presumably to promote on the open market.

“The TRUMP staff additionally despatched [$92] million TRUMP tokens to exchanges together with Bybit and Kucoin. This occurred from TRUMP Crew Pockets 1 and TRUMP Crew Pockets 2.

They waited seven hours after Trump’s tweet earlier than they began sending cash to exchanges.”

On the time of writing, TRUMP is buying and selling for $61 at a totally diluted valuation (FDV) of $61 billion.

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Generated picture: DALLE3