US President Donald Trump and his wife Melania Trump launched their own cryptocurrency just days before Trump took office last January.
Memecoins named TRUMP and MELANIA, which attracted great attention, later experienced major declines.
While both memecoins are now trying to recover, there was great activity in the Trump family’s crypto projects today.
According to the post by crypto analysis platform Spot on Chain, the address affiliated with the TRUMP memecoin team transferred $47 million worth of TRUMP to exchanges.
Accordingly, an address starting with CDW1AU, which is thought to be connected to the team behind the TRUMP memecoin, withdrew 4.16 million TRUMP tokens (worth $47 million) from the project’s treasury about 5 hours ago and transferred them to several major exchanges such as Binance, OKX, Bybit and Coinbase.
Apart from this, the Trump family’s DeFi project, World Liberty Financial (WLFI), is distributing 47 USD1 airdrop to its owners.
According to the data, it is distributing $47 worth of USD1 airdrops to users suspected of participating in the WLFI pre-sale via BulkTransfer. The number 47 was chosen to commemorate Donald Trump becoming the 47th US President, and the airdrop is thought to be a symbolic and ceremonial gesture.
Finally, a market-making partnership was announced between MELANIA and Wintermute. After this announcement, the MELANIA official team withdrew 150 million MELANIA tokens (worth approximately $50 million) from the community wallet and transferred 20 million of these tokens (approximately $6.62 million) to Wintermute.
*This is not investment advice.
