The team behind the Official Trump (TRUMP) meme coin on Solana—three wallets linked to its developer and early liquidity providers—received approximately $4.2 million in MET tokens from Meteora’s airdrop on October 23, 2025.
This positioned them as one of the top 5 recipients and effectively the leading cluster among identifiable entities, sparking controversy over potential “airdrop farming” and immediate selling pressure on MET’s price.
Arkham Intelligence tracked the wallets, which provided Day 1 liquidity for TRUMP on Meteora’s DEX. These included: The TRUMP developer address. Two additional addresses that seeded significant early liquidity for TRUMP.
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The wallets collectively claimed ~6.2 million MET tokens valued at $4.2M at launch price of ~$0.68 per token. All three wallets deposited the full allocation to OKX exchange within hours, contributing to MET’s 40% price drop from $0.68 to $0.51 on debut trading.
Meteora distributed 15% of its 1 billion MET supply ~150 million tokens to liquidity providers and ecosystem participants. While individual top recipients aren’t fully public, the TRUMP-linked cluster stands out as the largest disclosed group, outpacing typical retail claims many under $1,000.
This distribution was rewarded for providing liquidity on Meteora pools, but critics argue it highlights insider advantages in Solana’s DeFi ecosystem, where high-volume providers like TRUMP’s team dominate rewards without vesting periods or sybil resistance.
MET’s launch saw heavy selling from airdrop recipients, including the TRUMP wallets, exacerbating a post-airdrop correction common in Solana projects (e.g., similar to JUP or PUMP.fun teases).
X discussions exploded with accusations of “gaming the system” and “rug pull vibes,” especially amid a class-action lawsuit against Meteora’s co-founder Benjamin Chow for alleged pump-and-dump schemes involving TRUMP-related tokens like MELANIA and LIBRA.
Separate wallets tied to MELANIA received ~$1.2M in MET, but these are linked to a different team. The event coincides with heightened Trump crypto hype, including World Liberty Financial’s $550M+ raises and rumors of policy favors such as pardons for figures like Binance’s CZ. However, it underscores risks in meme coin liquidity farming.
The implications of the TRUMP token team being the leading recipient of the Meteora (MET) airdrop are multifaceted, affecting market dynamics, community trust, and the broader Solana DeFi ecosystem.
The TRUMP team’s rapid deposit of ~6.2 million MET tokens ($4.2M) to OKX contributed to a 40% price drop from $0.68 to $0.51 on MET’s launch day. Large-scale dumps by top recipients amplify post-airdrop corrections, common in Solana projects like JUP or PUMP.
Heavy selling by prominent recipients signals potential lack of long-term commitment, deterring retail investors and stabilizing MET’s market cap ~$263M, rank #269. Future price recovery depends on broader Solana momentum and Meteora’s utility growth.
The concentration of ~2.8% of the airdrop supply in three TRUMP-linked wallets fuels accusations of “airdrop farming” and insider favoritism. X posts highlight community frustration, with terms like “rug pull vibes” and demands for fairer distribution.
The airdrop rewarded high-volume liquidity providers (LPs) like the TRUMP team, exposing flaws in Solana’s DeFi reward systems. Without checks (e.g., vesting or caps), large players can dominate, skewing decentralization.
Similar patterns in Solana meme coins suggest a trend where well-funded teams exploit airdrops, potentially stifling smaller participants and innovation. It highlights how political branding can intersect with DeFi, but also risks associating projects with speculative volatility.
Large airdrop claims and quick liquidations could attract attention from regulators, especially amid lawsuits and pump-and-dump allegations, impacting Solana’s reputation as a DeFi hub.
The backlash may push Meteora and similar platforms to adopt vesting schedules, anti-sybil measures, or tiered rewards to prevent whale dominance. This could stabilize future airdrops but may reduce short-term hype.
Retail traders may grow warier of airdrop-driven projects, favoring tokens with locked allocations or transparent distribution. Meteora may need to address community concerns via governance updates to restore trust.
