The Trump team has sold $500 million worth of their newly launched TRUMP tokens, holding on to 85% of the total supply. The tokens have been sent to Bybit and used for liquidity provision on Meteora. The aggressive token dump comes after the token's debut, in which Donald Trump described it as a celebration of his election win. Since its launch, the price of TRUMP has surged by over 11,000%, reaching an all-time high of $35 before correcting to $26. The token has a market capitalization of nearly $6 billion and was developed on the Solana blockchain. The majority of the tokens are locked away under the control of two entities, CIC Digital LLC and Fight Fight Fight LLC.



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