Wallets tied to the deployer of the TRUMP memecoin have moved tens of millions of dollars to Coinbase, drawing fresh attention to how liquidity is being unwound.
Summary
- Wallets tied to the TRUMP token deployer transferred $94M in USDC to Coinbase over the past three weeks
- Funds originated from single-sided liquidity sales of TRUMP on Meteora, converting tokens directly into USDC
- Team-linked wallets have repeatedly deposited TRUMP-related assets to major exchanges throughout 2025
Over the past three weeks, the deployment address behind the TRUMP meme token transferred roughly $94 million in USDC into Coinbase, according to on-chain data flagged by analyst EmberCN on Dec. 31.
The funds appear to come from proceeds generated through single-sided liquidity on Meteora. In these transactions, the deployer supplied only TRUMP tokens, without pairing them with stablecoins, within a defined price range. As trades occurred, TRUMP was automatically sold into USDC, which was then routed to Coinbase.
This method has become a recurring exit path for wallets linked to both TRUMP and MELANIA, suggesting a coordinated trading operation rather than isolated activity. Instead of selling directly on spot markets, liquidity is gradually converted into stablecoins before reaching centralized exchanges.
过去 3 周时间里，特朗普的 Meme 代币 $TRUMP 布署地址把 9400 万 USDC 转进了 Coinbase。
这些 USDC 来源于他们在 Meteora 上添加 $TRUMP 单边流动性出售所得 (就是添加流动性时只放 TRUMP 不放 U，到设定价格区间这些 TRUMP 会卖成 U)。
他们两口子的 Meme 代币 ( $TRUMP 和 $MELANIA)… pic.twitter.com/pF3G5YmJRE
— 余烬 (@EmberCN) December 31, 2025
Exchange flows revive supply concerns
TRUMP is listed across major platforms, including Coinbase, Binance, OKX, Bybit, Robinhood, and Kraken. Throughout 2025, team-linked wallets have repeatedly deposited large batches to these exchanges.
In June, about 3.53 million TRUMP, worth roughly $32.8 million, was sent to Binance. Earlier transfers totaled more than 12.54 million tokens, valued near $150.7 million, spread across multiple venues. While often described as liquidity provisioning, these moves have fueled ongoing speculation about sustained selling pressure.
At press time, TRUMP traded at $4.96, up 1.2% on the day. The token is still down 15% over the past 30 days and sits roughly 93% below its January peak of $73.
Promotions continue as sentiment stays split
In an effort to boost participation as trading activity declines, the project recently announced a $1 million game campaign. However, sentiment is still split. Deployer control, unclear liquidity mechanisms, and frequent exchange inflows are cited by critics as major risks.
Donald Trump has been linked to the token through licensing arrangements and reported allocations tied to MAGA-branded crypto ventures. Estimates suggest his crypto-related holdings have added over $1.2 billion to his net worth, adding political weight to scrutiny around TRUMP’s on-chain activity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money.
The attacker siphoned off roughly $71 million in USDC as part of the exploit Wednesday, according to blockchain security firm PeckShield. After converting most of the
CoinDesk36m ago
Circle Mints Over $10B USDC on Solana in One Month
Circle has significantly increased USD Coin (USDC) minting on Solana, totaling over $10.25 billion recently. This surge indicates strong demand linked to crypto trading and DeFi growth, positioning Solana as a key player for stablecoin activity.
Coinfomania12h ago
Circle Destroys 250M USDC on Solana, Monthly Total Reaches 10.25B
Gate News message, Circle destroyed another 250 million USDC four hours ago. Over the past month, Circle has destroyed a total of 10.25 billion USDC on Solana. According to Lookonchain's earlier report on April 3, 2026, Circle has been destroying 750 million USDC per day over the past four days, tot
GateNews19h ago
Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money.
The attacker siphoned off roughly $71 million in USDC as part of the exploit Wednesday, according to blockchain security firm PeckShield. After converting most of the
CoinDesk04-03 19:21
Circle Hit With Allegations of Turning a Blind Eye to $420 Million in Illicit Funds Moving! ZachXBT Exposes a USDC Compliance Gap Igniting Controversy
The U.S. stablecoin company Circle has been accused of failing to effectively freeze more than $420 million in suspicious USDC funds. Investigators ZachXBT pointed out that since 2022, Circle has delayed freeze actions in multiple hack incidents, sparking questions about its compliance. The Drift Protocol attack involved in the incident has also made Circle’s criticism the focus. Market calls for Circle to raise its risk management standards were followed by serious losses to users caused by its delayed compliance enforcement.
ChainNewsAbmedia04-03 16:44
