The team behind the memecoin “Official Trump” (TRUMP) has quietly withdrawn approximately 94 million USDC from liquidation pools over three weeks and transferred it directly to Coinbase, indicating a calculated Dump rather than a typical Capital -taking.
Instead of a “Rug Pull” that drains liquidation at once, on-chain activity shows the project team using a gradual withdrawal mechanism to limit panic on the chart, while still converting TRUMP to USDC when the price reaches certain levels.
- Approximately 94 million USDC were withdrawn from the TRUMP liquidation pool and transferred to Coinbase over the past three weeks.
- The project team uses a one-sided liquidation strategy on Meteora DLMM (Solana) to "gradually Dump " when the price reaches pre-set levels.
- Trump's value has fallen more than 90% from its peak in January 2025; on December 31st, it recorded a price of $4.94, indicating a sharp decline in market confidence.
The Trump development team is quietly withdrawing liquidation through a one-sided mechanism.
on-chain data shows that the TRUMP team uses Meteora DLMM on Solana to place liquidation solely in TRUMP at certain price levels, allowing the system to automatically convert TRUMP to USDC when the price reaches a threshold without creating an immediate sharp drop.
According to on-chain analysis, the project team relies on Meteora's Dynamic Liquidity Market Maker (DLMM) mechanism to implement a "soft-unwinding" strategy. This way, they don't need to withdraw all USDC immediately like a "hard Rug Pull," but can sell in stages as the market reaches pre-determined price points.
Specifically, the team only deposits TRUMP Token (without pairing them with USDC) into certain price ranges within the DLMM. When the market price reaches these ranges, the system automatically swaps TRUMP for USDC. This turns these price zones into automatic " USDC collection points," ensuring a steady flow of funds.
This method often makes it difficult for retail buyers to recognize real selling pressure because there isn't a sudden "sell-off." While investors try to support the price, the automated order matching mechanism continues to transfer value from TRUMP to USDC and accumulate it in the wallets of the implementing team.
94 million USDC was transferred to the Coinbase centralized exchange.
Approximately 94 million USDC were withdrawn from the pool and transferred to Coinbase, with 33 million USDC moving from a team-related wallet to the exchange on December 31 alone, raising suspicions of large-scale Capital rather than normal transactions.
The scale of Capital is described as massive, especially considering that TRUMP has fallen more than 90% from its January 2025 peak. Instead of slowing down, USDC withdrawals have accelerated over time, suggesting a planned Capital .
On December 31st, a wallet allegedly controlled by the core team withdrew 33 million USDC from the pools and transferred it directly to Coinbase. Listing assets on a centralized exchange is typically a preparatory step for selling, converting to fiat currency, or distributing to other wallets/destinations.
The "MELANIA" model is accused of being a repetitive design.
on-chain investigations have revealed that the MELANIA Token implements the same one-sided liquidation scheme on Meteora to liquidate positions, leading many to believe that TRUMP and Trump-branded Token may share a common "playbook" to optimize Capital .
Official Trump's (TRUMP) actions are described as following a recurring pattern. on-chain Watcher say the MELANIA Token , launched shortly after TRUMP, used the same one-sided liquidation method on Meteora to gradually Dump , rather than selling directly and causing a massive crash.
In the context of TRUMP's significant decline from its peak in early 2025, the continuous liquidation is often interpreted as a "winding down" signal for the project. Many observers now XEM this as the twilight of memecoin.
The TRUMP stock price on December 31st was at $4.94 and is still struggling to find a Dip.
On December 31st, TRUMP was trading around $4.94 (up 0.31% on the day) but was still down more than 90% from its peak in early 2025, reflecting weakening confidence despite efforts by retail investors to support the price.
Price data as of December 31st shows the Token continues to struggle to establish a clear support zone. The 0.31% increase is not enough to change the overall picture, as the main trend remains a deep decline from its peak.
Reference from market tracking page: TRUMP price on CoinMarketCap .
The debate over the link between politics and private crypto projects continues.
The "decline" of the Trump memecoin is juxtaposed with the institutional ambitions of World Liberty Financial (WLFI), raising questions about whether a sitting president should maintain ties with a private crypto project.
The original text highlights the contrast between Trump and World Liberty Financial (WLFI), a project said to have the President's "official backing." However, WLFI is not immune to volatility, ending 2025 down 56% from its launch peak (according to the provided content).
The social and governance dimensions emerge as the market questions potential conflicts of interest, ethical appropriateness in public service, and systemic risks if politically motivated crypto projects attract large sums of money and then quickly Capital .
Conclude
The use of the same strategy as the MELANIA Token reinforces the hypothesis of a coordinated “playbook,” in which multiple Trump-branded Token may be designed to generate short-term cash flow. At the same time, the more than 90% drop and Trump’s continuous liquidation withdrawals indicate that market confidence has been almost completely eroded.
Frequently Asked Questions
How is "soft-unwinding" different from "hard Rug Pull" in crypto?
"Hard Rug Pull" typically involves a sudden and drastic withdrawal of liquidation , causing a sharp price crash. "Soft-unwinding" involves a gradual withdrawal over time, often through trading/ liquidation mechanisms, resulting in a slower price decline that is less noticeable immediately, but still leads to large-scale Capital .
How would Meteora DLMM on Solana be used in the Trump scenario?
on-chain data shows that the project team introduces one-sided liquidation (TRUMP only) into price bands. When the price reaches those levels, the DLMM system automatically swaps TRUMP for USDC, allowing for steady USDC acquisition without the need for massive sell- Dump in the open market.
Why is transferring USDC to Coinbase noteworthy?
Transferring USDC from a liquidation pool to a centralized exchange like Coinbase is typically a preparatory step for selling, converting, or distributing assets. When large amounts (such as 33 million USDC in a single day) are transferred to the exchange, the market often interprets it as a signal of Capital.
At what price was TRUMP trading on December 31st, in its original form?
According to the information provided, as of December 31st, the TRUMP Token was trading at $4.94, up 0.31% on the day, but still down more than 90% from its peak in January 2025.
