The staff behind President Donald Trump’s crypto operations reportedly despatched practically 100 million {dollars} price of the TRUMP meme token to digital asset exchanges.
In accordance with blockchain analytics agency Arkham, Trump’s staff has to this point sent $92 million price of TRUMP to crypto exchanges
Arkham notes that the Trump staff locked up 80% of the provision, with 10% reserved to offer liquidity and one other 10% deliberate for public distribution.
“100 million TRUMP was despatched to the TRUMP Liquidity Supplier, which added liquidity on Meteora.
8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb
one other 10% was cut up between three wallets:
Preliminary TRUMP Deployer (stored 14 million TRUMP)
5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7
TRUMP Staff Pockets 1 (obtained 56 million TRUMP)
2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv
TRUMP Staff Pockets 2 (obtained 30 million TRUMP)
7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE”
Arkham says that simply hours after the official announcement of TRUMP from the President’s social media, two of the three Trump staff wallets started sending cash to crypto exchanges – presumably to promote on the open market.
“The TRUMP staff has additionally despatched [$92] million of TRUMP tokens to exchanges, together with Bybit and Kucoin. This has occurred from TRUMP Staff Pockets 1 and TRUMP Staff Pockets 2.
They waited for seven hours after Trump’s tweet to start sending cash to exchanges.”
At time of writing, TRUMP is buying and selling for $61 at a totally diluted valuation (FDV) of $61 billion.
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