In accordance with Coinotag, the developers of the Official TRUMP memecoin quietly withdrew $94 million in USDC from Solana liquidity pools over three weeks using Meteora DLMM's soft-unwinding strategy. On-chain data from analyst EmberCN shows the funds were sent to Coinbase without triggering a crash. The team used single-sided liquidity additions to enable automated USDC swaps at specific price levels. On December 31, a team wallet extracted $33 million USDC directly to Coinbase amid a 90% token price drop. This mirrors the MELANIA token’s playbook, signaling a calculated exit from Trump-branded memecoins.
TRUMP Memecoin Developers Withdraw $94M USDC from Solana Pools via Meteora DLMM
CoinotagShare
Summary
According to on-chain data from Coinotag, the Official TRUMP memecoin team withdrew $94 million in USDC from Solana liquidity pools over three weeks using Meteora DLMM. Analyst EmberCN tracked the funds moving to Coinbase without triggering a price crash. The team used single-sided liquidity additions to automate USDC swaps at set price levels. On December 31, a wallet pulled $33 million USDC to Coinbase as the token dropped 90%. The move follows the MELANIA token’s strategy, showing a planned exit from Trump-branded memecoins.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.