On Thursday, addresses linked to the TRUMP memecoin received 4.2 million MET as part of the Meteora airdrop. This places them among the largest beneficiaries, even as Meteora’s co-founder faces a class-action lawsuit over pump-and-dump allegations.
The TRUMP memecoin team receives 4.2 million dollars’ worth of MET from Meteora
Last week, the Meteora protocol announced its airdrop, and the MET token was launched on the market on Thursday.
At the time of writing, the price of MET stands at $0.57, giving the asset a market capitalization of $278.68 million.
On the sidelines of this airdrop, we learned yesterday that Benjamin Chow, Meteora’s co-founder, is named in a class-action lawsuit involving 15 pump-and-dump cases, notably alongside Hayden Davis for the memecoins MELANIA and LIBRA.
While the courts must do their job regarding these cases, it is interesting to note that the team behind the TRUMP memecoin is among the biggest beneficiaries of this airdrop, according to Arkham analysts:
Top 5 beneficiaries of the Meteora airdrop: Trump. Three of the addresses associated with the TRUMP team have just received a $4.2 million airdrop of $MET. These include the developer’s address and two addresses that provided significant liquidity to TRUMP on the first day. The three addresses have just deposited the entire airdrop on OKX.
On Arkham, we can indeed see the interaction between the “Official Trump Meme” entity and MET, which is no longer part of its reserves:
Some of the MET transactions by the TRUMP memecoin teams
At this stage, however, it is difficult to draw any conclusions about how this allocation was obtained.
In any case, we regularly report on the Trump clan’s profits in the crypto industry. In 2025, the U.S. president’s family reportedly generated $1 billion in profits, according to a Financial Times report.
Meanwhile, the price of the TRUMP memecoin stands at $5.90 at the time of writing, up 1.84% over the past 24 hours.
