26 Jan 2025 8:06 am
The CEO of Web3 security firm QuillAudits, Preetam Rao, expressed concerns about the allocation structure and purpose. “Eighty percent of the supply is locked for CIC Digital, a company owned by the Donald Trump Revocable Trust. This is the same entity that launched Trump NFT Trading Cards three years ago. The website says it’s ‘not an investment but a show of support,” he said.
Rao also added that the top 10 token holders share about 89% of the entire supply, and the developers are yet to share any details about the liquidity pool burn status. “Interestingly, the token was launched in an Asian morning time zone. It feels like this is just a way for Trump to make money,” he added.
Ibid..
https://youtu.be/KHJbSvidohg?si=XK40oBIeoYHXnh7B
Rao also added that the top 10 token holders share about 89% of the entire supply, and the developers are yet to share any details about the liquidity pool burn status. “Interestingly, the token was launched in an Asian morning time zone. It feels like this is just a way for Trump to make money,” he added.
Ibid..
https://youtu.be/KHJbSvidohg?si=XK40oBIeoYHXnh7B