According to Arkham's analysis, the Trump team did not sell $500 million of TRUMP. It noted that the team held about $500 million of TRUMP liquidity pools on-chain, from which they withdrew a total of $20 million (as USDC). Additionally, the team appears to have sent $92 million of TRUMP to the exchange. TRUMP is locked at 80%, with 10% for liquidity and 10% for "open distribution". 100 million TRUMPs are sent to TRUMP liquidity providers, which increases liquidity on Meteora and another 10% is distributed to 3 wallets. Of these wallets, three have added liquidity on Meteora. TRUMP Liquidity Provider, TRUMP Team Wallet 1 and TRUMP Team Wallet.