🟡The TRUMP token, linked to Donald Trump, has sparked suspicions due to sudden market activity. The asset’s market capitalization reached $42 billion, but analysts at Bubblemaps identified a suspicious wallet that invested $6 million in TRUMP and quickly realized a profit of $20 million. The remaining funds were distributed across 10 unknown wallets.
🟡Pritam Rao of QuilliAudits highlighted the questionable token distribution structure: 80% of the supply is locked under CIC Digital, while 89% of the circulating supply is concentrated among 10 large holders. Despite traders’ skepticism, the listing of TRUMP on exchanges is fueling its popularity.