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.
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.
