The group behind President Donald Trump’s crypto operations reportedly despatched almost 100 million {dollars} price of the TRUMP meme token to digital asset exchanges.
In line with blockchain analytics agency Arkham, Trump’s group has to this point despatched $92 million price of TRUMP to crypto exchanges
Arkham notes that the Trump group locked up 80% of the availability, 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 group wallets started sending cash to crypto exchanges – presumably to promote on the open market.
“The TRUMP group 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 completely diluted valuation (FDV) of $61 billion.
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