The Trump family likes to bask in glory. Yes, they run the United States, are billionaires, and are also behind one of the most talked-about DeFi projects in 2025: World Liberty Financial (WLF). What’s more? They are celebrities, and Donald Trump can’t just let China overshadow the world’s largest democracy.
Let’s also not forget that the Trump family is also directly linked to two equally successful meme coins, not on Ethereum but on the meme coin host, Solana.
When writing on October 24, the official TRUMP meme coin was the second most valuable meme coin on Solana, commanding over $1.1Bn in market cap. Yes, that’s more valuable than BONK, a “genuine” meme coin, and dogwifhat, another token that slipped and became one of the largest memes in 2024.
(Source: Coingecko)
DISCOVER: 9+ Best Memecoin to Buy in 2025
TRUMP and Controversies: Meteora MET Airdrop Favors
With so much power comes “great” responsibility, so they said. However, by the look of things, it is hard to determine whether the Trump family gives a hoot about responsibility or are focused on stacking hard.
Controversy is not too far away from the president and his associates. The meme coin mint alone was a problem for conservatives who thought the president shouldn’t dabble with meme coins, crypto, or DeFi.
Yesterday, Arkham analysts noted that the team behind the launch of the TRUMP meme coin via Meteora received a cool $4.2M of MET tokens. They observed that three addresses or entities tied directly to the TRUMP tokens were beneficiaries.
TOP5 RECIPIENT OF THE METEORA AIRDROP: TRUMP
Three of the addresses involved with the TRUMP team just received a $4.2 Million airdrop of $MET.
The developer address, and two addresses that provided extensive liquidity for TRUMP on day 1. All 3 addresses just deposited the… pic.twitter.com/8BSjxOB8Vf
— Arkham (@arkham) October 23, 2025
Meteora distributed tokens to a developer address and two addresses on day 1, providing “extensive liquidity” for TRUMP.
Interestingly, however, when these addresses received their MET tokens, they sent them directly to OKX, cashing out instantly.
When you thought this was an isolated case, another analyst noted that liquidity providers linked to the MELANIA meme coin received a chunk of MET crypto.
While I’m not trying to FUD the $MET launch, it’s interesting to note that the $MELANIA LP wallets are eligible for the $MET airdrop @0xSoju ?.
The Melania token is linked to the same team behind $LIBRA.
Out of the 4 LP wallets, only one didn’t receive any $MET.
I also checked… https://t.co/y8OqJEc5KN pic.twitter.com/v7DH6aCPpK
— Specter (@SpecterAnalyst) October 23, 2025
As 99Bitcoins reported, a lawsuit was filed in New York against Meteora executives. Victims claim the DEX set up the MELANIA meme coin for failure.
Only one of the four LP wallets that supplied liquidity to the MELANIA meme coin did not receive any MET crypto.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
What’s Next? Was The Meteora MET Airdrop Fair?
While it is easy to argue that Meteora did nothing wrong by incentivizing addresses that actively supply liquidity to its pool during the META airdrop, the amount allocated to some recipients raises more questions than answers.
Going by the Meteora tokenomics, +15% or 150M MET were distributed to the community, specifically rewarding past and present liquidity providers, contributors, and active ecosystem participants.
Problem is, by the time MET tokens reached holders, MET USDT prices were plunging. On launch, the MET price dumped by over -40%, sliding from $0.90 to less than $0.50 before recovering.
(Source: Gecko Terminal)
Part of this sell-off was made worse by the TRUMP team’s selling. Once they received their allocation, they sold all MET tokens, fueling the drop.
Still, not everyone is complaining.
Some are thankful to Meteora, saying at least the team thought about the community.
Through the MET crypto airdrop, they didn’t act like Pump.fun, which teased an airdrop for months but didn’t allocate a dime to active users.
Meteora doing an airdrop before PumpFun
lesson in there, at least Jupiter and Meteora thought about its users in some sense, i respect that https://t.co/NIw9amHs05 pic.twitter.com/oJXePzC2FE
— rektober (@rektober) October 23, 2025
Others think the MET airdrop will revive the “Solana trenches” now that there appears to be no worthy meme coins to scoop up.
is the Meteora airdrop going to revive the Solana trenches?
"once people sell their $MET airdrop, even if they were going to buy memecoins on Solana what would they buy? NEET, Tokabu, KLED, USDUC? there are only a handful of coins worth bidding on SOL right now"
if you're… pic.twitter.com/BnHIWzIDeR
— AshRobin
(@ashrobinqt) October 23, 2025
Meanwhile, another thinks MET, despite the sell off, is undervalued and would explode in the coming years.
ngl claiming $MET airdrop has been one of the smoothest experiences, added it all back to the pool gonna be collecting those juicy fees lol
FDV at around $600m-ish seems rather low for one of the biggest protocols on Solana, gonna observe the price action for a while wait til… pic.twitter.com/Hx3drAQ54B
— Anglio (@CryptoAnglio) October 23, 2025
DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025
Meteora MET Airdrop, Trump Family Associates Win Big
- Meteora MET TGE and airdrop was on October 23
- MET crypto prices plunged by over -40% hours after the TGE
- Analysts note that MELANIA and TRUMP meme coin liquidity providers got millions worth of MET
- Will MET crypto recover?
The post Once Again, Trump Family Associates Win Big In Crypto: Team Receives Millions Of Meteora MET Tokens appeared first on 99Bitcoins.
