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Meteora crashes 40% as TRUMP-linked insiders corner airdrop

Crypto News•Thursday, October 23, 2025 at 5:55:00 PM
NegativeCryptocurrency
Meteora crashes 40% as TRUMP-linked insiders corner airdrop
Meteora's value plummeted by 40% after it was revealed that three wallets associated with the TRUMP meme coin team received a staggering $4.2 million worth of the cryptocurrency during its airdrop on Solana. This news has left many liquidity providers feeling disillusioned, as they had eagerly anticipated the airdrop, only to see the market react negatively to the insider involvement. The situation raises concerns about transparency and fairness in the crypto space, highlighting the risks investors face when participating in such events.
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