Key Takeaways:
Wallets tied to the TRUMP memecoin team pulled $3.39 million in USDC from Solana liquidity pools over 10 hours, on-chain analyst LookOnChain said.
The withdrawal came as TRUMP rallied sharply this week, with traders linking part of the move to President Donald Trump's comments about the government potentially expanding its Bitcoin holdings. The team does not sell TRUMP directly on the open market. Instead, it deposits TRUMP tokens into single-sided liquidity positions on Meteora, a Solana decentralized exchange. As traders swap within a set price range, the pool automatically converts TRUMP into USDC, which the team then bridges to exchanges like Coinbase.
LookOnChain first documented the mechanism in April 2025, when the team pulled $4.6 million in USDC from a pool and bridged the funds to Ethereum before depositing them at Coinbase Prime. By December 2025, the same wallet had pulled $94 million over 30 days, with Arkham Intelligence data showing batches ranging from $2 million to $17.2 million moving into Fireblocks custody addresses linked to Coinbase. On Aug. 23, the team moved roughly 646,000 TRUMP tokens, worth about $15.5 million, to OKX, followed by a transfer of 2.62 million tokens worth $6.2 million.
TRUMP traded near $2.46 at the time of writing, up 75 percent over the past week with a market capitalization of $629.5 million, according to CoinGecko. The token remains down about 97 percent from its January 2025 peak above $73. BeInCrypto reported that roughly 1 million TRUMP buyers are sitting on $3.81 billion in losses since launch, even as the Trump family disclosed $636 million in earnings tied to the token. The team has also flagged plans to deploy up to 96 million tokens from its unlocked supply in the coming months.
Removing liquidity does not guarantee a price crash — pool depth, not spot demand, absorbs the initial impact. However, thinner pools leave the token more exposed to sharp swings, a risk that grows whenever a Trump-linked headline drives a rally.
The pattern has moved in one direction throughout: out of the pool, not back into it. Reported transfers since last summer total well over $150 million in TRUMP tokens and USDC moved out of team-controlled wallets and into exchanges or custody, according to Arkham Intelligence and analyst EmberCN. Trump Media separately transferred 2,650 bitcoin, worth roughly $205 million, to Crypto.com in May, a move the company's leadership never ruled out as balance-sheet monetization.
The steady selling has fueled proposals to prop the token back up. Trump promoter Bill Zanker's firm, Fight Fight Fight LLC, has been pursuing a fundraising push of at least $200 million, potentially scaling to $1 billion, to launch a digital asset treasury company dedicated to buying TRUMP on the open market, according to Bloomberg. That plan remains unconfirmed and has not closed.
The bigger question is whether insiders will keep harvesting liquidity every time a Trump-linked headline lifts the price. On-chain data has not yet confirmed whether this week's withdrawal matches December's scale.
This article is for informational purposes only and does not constitute investment advice.
