The staff behind President Donald Trump’s crypto operations reportedly despatched almost 100 million {dollars} value of the TRUMP meme token to digital asset exchanges.
In accordance with blockchain analytics agency Arkham, Trump’s staff has to date despatched $92 million value of TRUMP to crypto exchanges
Arkham notes that the Trump staff locked up 80% of the availability, with 10% reserved to supply 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 (saved 14 million TRUMP)
5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7
TRUMP Crew Pockets 1 (acquired 56 million TRUMP)
2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv
TRUMP Crew Pockets 2 (acquired 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 Crew Pockets 1 and TRUMP Crew 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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