In an episode straight outta Wall Street—if Wall Street was run by stand-up comics—the masterminds behind the TRUMP meme coin slipped more than $52 million in tokens to centralized exchanges while everyone else was still trying to log into their Robinhood apps. What’s their next act, selling steaks? 🥩💸
This coin is about as subtle as a combover in the wind. Billed as a tribute to The Donald himself, $TRUMP vaulted to meme superstardom, then triggered a tidal wave of suspicious side-eye when rumors of insider funny business began swirling. Who’s counting votes? Oh right, the blockchain.
TRUMP Team Says $52 Million Transfer Is “Liquidity Operations” (And I’m the Queen of England)
On May 10, Lookonchain (a.k.a. The Blockchain CSI: Miami) announced that the TRUMP team had flung 3.5 million tokens—worth more than some small nations—onto Binance, OKX, and Bybit. “Just adding some liquidity!” they say. And the Tooth Fairy just does night-shift banking.
Here’s the breakdown for you degenerates and day-traders keeping score:
Binance swag bag: 1.5 million tokens ($22 million) – because whales like to swim in deep pools.
OKX’s Olive Garden: 1 million tokens ($15 million) – unlimited breadsticks not included.
Bybit got a snack: 500,000 tokens ($7.5 million) – it’s tough out there for a shrimp.
TRUMP HQ insists this was all above board—a “pre-designated liquidity wallet” from launch. The tokens are locked up tighter than Trump’s tax returns… well, at least for another 90 days. Because everybody knows nothing says “trust us” like a three-month pinky promise!
“Demand for $TRUMP has been yuuuge. On May 10, at 1:30 am UTC (because shady stuff never happens at 1:30 am), 3.5 million $TRUMP hit the exchanges for ‘liquidity operations.’ Don’t worry, it’s from our magic liquidity wallet and all unlocked tokens are now back in the vault for 90 days… or until the next pizza party,” they announced.
That’s their story, and they’re sticking to it. Yet, some folks have more doubts than a casino full of broken slot machines.
CNBC—because someone’s gotta do homework—cited Chainalysis and claims the TRUMP team raked in over $320 million in fees. That’s right, while everyone else was holding, diamond-handing, and losing sleep, these guys charged like airport WiFi and made out like literal bandits.
Out of more than 2 million wallets stuffed with $TRUMP, about 760,000 wish they’d stuck to baseball cards instead. Meanwhile, just 58 absolute legends (probably all named Chad) walked away with over $10 million each, stacking a combined $1.1 billion. Now THAT’S what I call “trickle up” economics! 💰😎
So in the end, you’ve got a meme coin crafted in Trump’s image: a few big winners, a lot of yelling, some questionable accounting, and a public still asking, “Is this thing real?” The coin hit $77 on opening day but now slumbers near $14—an 86% drop faster than Trump’s opinion on diet soda.
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2025-05-10 17:06