The TRUMP token, a meme coin built on the Solana blockchain and associated with the Trump brand, is embroiled in renewed controversy.
According to the on-chain analytics platform LookOnChain, the team behind the TRUMP token rapidly withdrew $4.6 million in USDC from its liquidity pool just hours ago.
The $TRUMP dev pulled 4.6M $USDC from the pool by removing liquidity 13 hours ago.
Then they bridged 4.6M $USDC to #Ethereum and deposited it into #CoinbasePrime.https://t.co/ORSLE6vJiAhttps://t.co/Cgybm89XTi pic.twitter.com/NI3gZsJWFI
— Lookonchain (@lookonchain) April 16, 2025
Following this withdrawal, the funds were transferred from the Solana network to Ethereum and deposited into Coinbase Prime, a platform favored by institutional investors.
While liquidity removal may not inherently indicate wrongdoing, the timing has raised eyebrows, particularly as it aligns with the imminent unlocking of 40 million TRUMP tokens, valued at over $320 million. These tokens, reportedly connected to the Trump Organization, are scheduled to begin unlocking on April 17, with periodic releases planned over the next two years.
The token’s recent trading volatility adds to the unease. Currently priced at $8.01, it has seen a 0.2% increase over the past 24 hours but has dropped by 30% over the last month. This marks a stark decline from its all-time high of $73.43, although it remains up more than 83% from its historical low of $4.29.
Source: Finance Newso
On-Chain Red Flags and Growing Trader Suspicion
This incident is not an isolated event but rather part of a broader pattern that has diminished confidence in the TRUMP token.
Earlier in January, a Twitter thread gained traction, alleging that the TRUMP token project resembled one of the most elaborate crypto rug pulls in history.
Donald Trump created the biggest RUGPULL in history
He already dumped $TRUMP and cashed out over $200 MILLIONS
Leaked information and On-Chain data I found is shocking
Here is what you MUST do, whether you've bought it or not pic.twitter.com/GhuD497Sa4
— Solana Gambling Boar (@bored2boar) January 20, 2025
The thread raised several alarms, including irregular developer activity, odd token distribution methods, and questionable wallet movements.
One analysis highlighted that a primary developer wallet used in the deployment of the TRUMP token had purchased various PumpFun tokens shortly after the token’s launch without clear justification.
Even more concerning was the discovery that 80% of the TRUMP token supply is concentrated in a single wallet held by an unknown owner, allowing for potential abrupt withdrawals by a centralized entity.
7/➢ Team and Distribution
The “team” left 80% of $TRUMP supply in one wallet
The problem is we do not know who is standing behind it
What if this person decides to sell everything and move to Alaska one day? pic.twitter.com/9wLAbzl9Yy
— Solana Gambling Boar (@bored2boar) January 20, 2025
Further analysis uncovered that several prominent wallets associated with the Trump team had liquidated millions worth of TRUMP tokens without any record of their purchase. One wallet, allegedly part of this core team, reportedly cashed out $18 million alone.
Trump Family Web3 Ambitions Add Fuel to the Fire
Simultaneously, a report from Fortune dated April 15 highlights that the Trump family is intensifying its efforts in the Web3 sector.
Sources indicate they are preparing to launch a blockchain-based game themed around real estate, inspired by Monopoly GO!.
@realDonaldTrump's family enters Web3 gaming with a new real estate crypto game inspired by Monopoly GO, expanding their footprint in blockchain and digital assets.#Web3 #CryptoGaming https://t.co/tIyS1R8dBl
— Finance Newso.com (@Finance Newso) April 15, 2025
This new game, set to release later this month and led by prominent Trump associate Bill Zanker, will incorporate crypto elements into traditional Monopoly-style gameplay, allowing players to earn in-game tokens through blockchain-based transactions.
This initiative is part of a broader strategy under the umbrella of a venture named World Liberty Financial, which was established in advance of the 2024 U.S. election. The family has been actively acquiring digital assets, including Ethereum and Tron, while promoting various decentralized finance services.
Although these services remain largely unimplemented, records show that a significant portion—75%—of the project’s net revenue is directed to a company associated with Trump.
Donald Jr., Eric, and Barron are officially designated as “Web3 Advisors” within the project.
In light of the connections between the meme coin, the forthcoming real estate game, and Trump-related financial activities, the recent $4.6 million liquidity withdrawal takes on added significance. Observers contend that the Trump brand may be employed to promote ventures that could be exploitative, enabling insiders to reap substantial benefits at the risk of retail investors.
The post Is TRUMP Token About to Crash? Devs Quietly Remove $4.6M USDC From Liquidity Pool appeared first on Finance Newso.
