Meteora conducted its MET airdrop today, giving $4.2 million to three TRUMP coin insiders. These wallets quickly deposited the entire airdrop onto OKX.
In light of a lawsuit and Trump’s CZ pardon, this may be an attempt at bribery. The community has been angered by perceived criminality, but also remains resigned to the “crime is legal now” ethos.
Meteora’s TRUMP Airdrops
Earlier this morning, two important things happened for Meteora: it finally began airdropping its MET tokens, and a class-action lawsuit targeted its founder over alleged fraud regarding MELANIA and LIBRA.
However, on-chain analysts noted a third item of note. Some of the largest Meteora airdrop recipients were TRUMP coin insiders:
Specifically, three addresses with deep connections to TRUMP collectively received a $4.2 million airdrop from Meteora.
The meme coin’s original developer and two wallets that provided substantial day one liquidity all immediately deposited the MET on OKX. This clearly signals that they’re aiming to liquidate these tokens.
Is This Attempted Corruption?
This Meteora airdrop caused incensed and bewildered reactions from the community, but many more were nonplussed at further potential corruption from Trump.
Specifically, we just got another clear piece of evidence that the President can ease legal problems for his supporters, as he pardoned CZ today.
CZ’s extensive business ties with the Trump family have created weeks of speculation about a pardon, and it seems these predictions were totally accurate.
The Meteora airdrop tokenomics already sparked allocation concerns, but a multimillion-dollar gift to TRUMP insiders was pretty unexpected. What if it was an effort to gain legal assistance?
To be clear, Meteora has already faced one class-action lawsuit over LIBRA, and this effort largely fizzled, but one of the plaintiffs allegedly engaged in another token snipe right afterward. Another suit from a totally different law firm could have another chance at success.
However, if Trump decides to somehow intervene in the Meteora case, it could be decisive. A civil suit is easier to dismiss than a criminal one, and the President has waged a full war on crypto enforcement.
Still, these incidents could be totally unrelated. It may be a coincidence that Meteora gave millions to Trump insiders on the same day as an impending lawsuit, and the President pardoned a business partner.
Nonetheless, it all looks suspicious. This incident may contribute to the cynical “crime is legal now” attitude in modern crypto.
