TRUMP Team Received a $4.2 Million METEORA Airdrop

Recently, a notable development occurred; three addresses linked to the TRUMP team received a total of $4.2 million worth of METEORA (MET) airdrop. According to data shared by Arkham Intelligence, one of these addresses belongs to a TRUMP developer, while the other two belong to investors who provided liquidity on the project's first day.

The three addresses transferred all their MET tokens to the OKX exchange shortly after receiving them. This situation raised "dump" concerns among investors, creating a significant stir in the community. The large airdrop distribution by METEORA, combined with the TRUMP connection and potential selling pressure, has created a notable impact that warrants attention in the markets.

Additionally, on the same day, a class-action lawsuit was filed in the U.S., making significant claims against Meteora's founder, Benjamin Chow. It is alleged that Chow was involved in previous meme coin scams called "MELANIA" and "LIBRA," and the plaintiffs argue that he misled investors to gain unfair profits. The Meteora team has not yet made any official statements regarding these allegations or the high-value airdrop to the TRUMP team.

Currently, eyes are on the potential selling movements on the OKX exchange and the process of the lawsuit in the U.S. Investors should closely monitor the developments related to METEORA and potential selling pressures. In particular, price movements and large transfers following the airdrop could serve as critical indicators regarding market dynamics.