In a recent development that has raised eyebrows in the crypto community, Arkham Intelligence reported that three wallets associated with the TRUMP meme coin team received a staggering $42 million worth of Meteora tokens during a recent airdrop. As analysts warn in the report, this incident has ignited controversy and concern among investors and community members alike.
Airdrop Details
The airdrop took place on October 23, 2025, with the wallets in question having previously purchased TRUMP tokens on the first day of its launch. Following the airdrop, these wallets promptly deposited their entire rewards into the OKX exchange, leading to accusations from the Meteora community of potential manipulation and exploitation of the airdrop process.
Market Impact
As a result of these actions, the price of Meteora tokens plummeted by over 40% shortly after their launch, fueling speculation about a possible rug pull. Community members are now voicing their concerns, questioning the integrity of the airdrop and the motives behind the TRUMP team's involvement. They seek clarity and accountability in the wake of this significant market movement.
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