According to the analyst of Blockchain Conor, the Trump team unloaded in the amount of $ 500 million on their recently launched Trump tokens, holding 85% of the total supply.
“From what I see in a chain, Trump has still sold tokens about $ 500 million,” Conor saidBy adding that each token circulating or was sold or provided as liquidity.
The data show that Trump’s tokens in the amount of 20 million were sent to Bybit in just seven hours, while most USDC reserves tied to these transactions were aimed at providing liquidity to Meteora.
How Trump tokens are controlled and distributed
This aggressive token landfill begins with a token Trump’s hot debut spots, which the self -proclaimed “Crypto President” Donald Trump announced that the truth was social at the end of Friday. Trump called the Memamin as the celebration of the “victory” of the elections and its upcoming inauguration.
Since its launch, the price of Trump has increased by more than 11,000%, reaching a record high level of $ 35 only an hour earlier. Since then, he corrected up to $ 26 at the time of the press. According to CoinmarketCap, it has a market capitalization of almost $ 6 billion.
The token was developed on the SOLANA blockchain and launched with the initial supply of 200 million coins. Nevertheless, the general offer is planned to expand to 1 billion over the next three years, as indicated on its official website.
Right now, 80% of tokens remain locked under the control of two organizations: CIC Digital LLC, a branch of Trump, and Fight Fight Fight Fight LLC, a company from Delaware registered on January 7.
Both companies will receive unsolved income from TOKEN trading activities. Konor noted that the terms “public distribution” and “liquidity” listed on the web site of Trump, by the visible, mean “we will sell”.
The token website is also supplied with the rejection of responsibility that reads:
“Trump’s memes are designed to function as an expression of support and interaction with ideals and beliefs embodied in the“ $ Trump ”symbol and the corresponding works of art, and are not intended to be an investment possibility, investment contract or the safety of any type. GettrumpMemes.com is not political and has nothing to do with which political campaign or what kind of political management or government agency. ”
Meanwhile, Moonshot said that over the past 12 hours they have been presented on the site as a way to buy a token. Since then, they have processed the volume of almost $ 400 million, crushed by Fiat Onramp in order and brought more than 200,000 new people on the chain.
Meteora, Moonshot, Wintermute and Jupiter, perhaps in advance, coordinated the Trump Token team.
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