The wallets began trading the tokens on Meteora, a DeFi exchange, the blockchain analyzes show.
Traders on Meteora pay a fee to the coin creators for providing liquidity, a function that enables buyers and sellers to trade an asset smoothly. The creators do so by putting some of their assets in so-called "liquidity pools," which then stand ready to enable trading on the exchange.
Meteora says it allows creators to "mint a meme coin and earn fees for life." The exchange also receives fees.
Ben Chow, the Meteora co-founder, said in a Telegram chat that he did not know anything about the team behind the Trump token. In response to a question on how Meteora was involved with the launch of the $Trump token, Chow said: "I didn't connect with the team precisely."