The #TRUMP team has reportedly sold $450 million worth of $TRUMP tokens while still holding 85% of the total supply. Blockchain analyst Connor highlighted that the team has sold this amount through market transactions or by providing liquidity.
In the first seven hours post-launch, around $18 million in TRUMP tokens were moved to Bybit, with USDC earnings directed into liquidity pools on Meteora for smooth trading.
Developed on the Solana blockchain, the TRUMP token launched with 220 million coins and plans to expand to 1 billion over the next three years. The token's current market cap stands at nearly $5.5 billion. Despite the surge in value (over 10,000%), 85% of the token’s supply is controlled by CIC Digital LLC and Fight Fight Fight LLC. These entities may generate revenue through further sales, as hinted by the official website.
The website clarifies that the TRUMP token is not an investment vehicle or tied to any political campaign. It is designed to promote Trump’s values and art. The token's launch sparked significant trading activity, with Moonshot processing $350 million in volume, gaining attention from more than 180,000 new users.
Despite the hype, the project remains divisive, and its long-term effect on the market is still unclear. What are your thoughts on the TRUMP token? Let’s discuss!
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