Trump‑Linked Wallets Withdraw $3.39M, Putting TRUMP Liquidity Under Pressure
TL;DR
- Wallets linked to the TRUMP token team withdrew $3.39 million in USDC from liquidity pools on Solana in just 10 hours.
- The mechanism used differs from a direct sale: tokens are deposited in one-sided positions on Meteora and traders gradually convert them into stablecoins.
- TRUMP trades at $2.50 per unit, posting a 7.1% drop in 24 hours and a trading volume of $750 million that collapsed 48.5% in the last session.
Wallets linked to the memecoin team TRUMP withdrew approximately $3.39 million in USDC from liquidity pools on the Solana network over a period of 10 hours, according to on-chain tracker Lookonchain.
The operation took place amid a rally in the token, driven by a broad improvement in the crypto market, and sparked a debate over the insider practices behind the project.
The #Trump team is selling $TRUMP by adding and removing liquidity.
Over the past 10 hours, they have received 3.39M $USDC from selling $TRUMP.https://t.co/emffG5nCa7 pic.twitter.com/GYt1jfLPIm
- Lookonchain (@lookonchain) August 24, 2026
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