Trump-Themed Meme Coin FIGHT Dumps 9% Supply as Insider Address Revealed

IconCryptoNewsTerminal Staff17 Jul, 2024

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Trump-Themed Meme Coin FIGHT Dumps 9% Supply as Insider Address Revealed

Trump-Themed Meme Coin Sees Insider Dumping On-chain analyst AmberCN recently revealed that a suspected insider address for FIGHT, an Ethereum-based meme coin featuring former US President Donald Trump, purchased a substantial amount of the token upon its launch. The address bought 189 million FIGHT tokens within a minute of the token's deployment, representing 18.95% of the total supply. However, the insider address has sold 50% of its FIGHT holdings in the past three days, suggesting a potential cash-out. Despite this, it still holds 9.1% of the supply, amounting to an estimated profit of 3,179x. FIGHT's Market Performance FIGHT was launched on Friday and briefly surpassed $0.05 on Sunday before experiencing a correction. At the time of writing, it is trading at $0.01135, down approximately 9.03%.

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