The Official TRUMP coin (TRUMP) is once again under heavy scrutiny after on-chain data revealed what appears to be a massive sell-off linked to wallets associated with the project’s team. The transactions, which reportedly transferred around $94 million into USDC, have rattled holders and sparked fresh debate over whether the controversial meme token still has a future.
Massive On-Chain Sell-Off Raises Red Flags
According to a report from blockchain tracker EmberCN, a wallet linked to the team behind TRUMP coin has moved $94 million in USDC into a Coinbase account. The blockchain tracker revealed this information in an X post, highlighting an image from Arkham Intelligence that captured the massive token movement. The data shows that the wallet made the transfer over the last three weeks.
Meanwhile, EmberCN also revealed that the transferred funds were raised through the addition of a single-sided liquidity to Meteora, a DEX on the Solana ecosystem, and then sold at a predetermined price. This way, the tokens are converted directly to stablecoins.
Interestingly, this is reportedly the same way the MELANIA meme coin was liquidated, thus fueling the hypothesis that the team is systematically backing out of the project or an insider is dumping.
Not New
Meanwhile, it’s worth noting that this recent transfer is not an isolated event, as the TRUMP coin has repeatedly experienced massive withdrawals from whale wallets linked to the ecosystem.
Interestingly, in April 2025, on-chain sleuths flagged a transaction involving the deposit of approximately 19.6 million TRUMP across multiple centralized exchanges, including OKX, Bybit, and Binance.
Furthermore, the following month, blockchain data revealed a transaction involving the single transfer of 3.5 million Trump coins, worth $52.6 million at the time, into a centralized exchange.
Interestingly, this series of events has reignited criticism of politically-themed meme coins in general. These tokens often thrive on hype and headlines but struggle to maintain momentum once excitements fade.
Without clear use cases or accountability, projects like TRUMP coin can quickly lose investor trust, especially when large insider-linked wallets start moving funds.
TRUMP Coin Price Action Shows Heavy Downside Pressure
According to market expert Ardi, the Trump coin liquidity extraction remains one of the largest in crypto history. The token, which was once valued at over $75 in January, has crashed significantly ever since.
Currently, the coin trades around $4.93, representing a modest 0.4% gain over the past 24 hours. Ardi noted that the Trump coin, which is now down 94% shattered genuine retail confidence.
Meanwhile, there has been no official confirmation that the wallets belong to the core team, and this lack of transparency has done little to calm trader fears. Furthermore, neither Donald Trump nor the team has made any official statement regarding the massive transfer.
The CoinRemark Team
