On-chain data analysis has once again revealed activity from wallets linked to the TRUMP meme coin team. Over the past 10 hours, they have withdrawn $3.39 million in USDC from liquidity pools on the decentralized exchange Meteora on the Solana network. This comes amid a sharp surge in the token's price, driven by fresh statements from U.S. President Donald Trump about potentially expanding government reserves in bitcoin.
The mechanics of this process are well known: the team does not sell TRUMP directly on the open market. Instead, tokens are deposited into one-sided liquidity positions, and the exchange to USDC occurs automatically when a certain price range is reached. The resulting stablecoins are then extracted from the pools and transferred to centralized exchanges, including Coinbase.
A systematic approach, not a one-off action
This is not the first instance of such activity. Back in April 2025, I documented a similar pattern: the team then withdrew $4.6 million in USDC and moved the funds to the Ethereum network, and then to Coinbase Prime. By December 2025, the scale had grown to $94 million over 30 days, with transactions going in batches ranging from $2 million to $17.2 million to addresses linked to Fireblocks and Coinbase.
It is clear that we are looking at a well-established liquidity management system that activates precisely during price spikes. The current withdrawal of $3.39 million is just one episode in this long-term strategy.
Who bears the losses
The main blow is absorbed by retail investors. Just recently, 1 million TRUMP holders have lost $3.81 billion since the coin's launch. Meanwhile, the developers have announced the unlocking of another 96 million tokens in the coming months, which adds further downward pressure on the price.
It is important to note that liquidity withdrawals do not always directly crash the price. The first impact hits the pool's depth, and subsequent movement depends on demand in the spot market. However, small pools make the coin extremely vulnerable to sharp swings, especially when news about Trump drives up quotes.
My take: The TRUMP team is acting rationally, locking in profits at peaks of market euphoria. This is a classic insider strategy that, in the long run, undermines trust in the asset. The question is not whether they will withdraw liquidity again—but when retail traders will stop feeding this system.