Overview
- Arkham Intelligence identified three addresses tied to the TRUMP memecoin team among the top Meteora airdrop recipients with a combined $4.2 million in MET.
- All three TRUMP-linked wallets deposited their allocations to OKX on the day the exchange opened MET/USDT spot trading, enabling potential sales that are not traceable on-chain.
- Meteora’s token fell more than 40% after its launch and listings, with reporting citing a market capitalization around $260 million.
- Community members accused recipients of gaming the airdrop and described the episode as a rug pull, though direct evidence of sales on OKX was not presented.
- Decrypt reported that two wallets tied to the Melania Trump meme coin received about $1.23 million in MET despite Meteora’s stated efforts to block bad actors, and those funds were quickly moved to other addresses.