The official meme coin project team associated with President Trump has once again withdrawn large sums of funds from its liquidity pool, drawing attention from the cryptocurrency community. According to analytics firm LookOnChain, the team recently withdrew $33 million worth of USDC and deposited it into Coinbase. This withdrawal brings the total liquidity loss over the past 30 days to $94 million, leading the market to interpret it as a "systematic withdrawal."
$94 million outflow over 30 daysโฆRepeated withdrawal pattern
According to on-chain data, the official Trump memecoin wallet withdrew USDC in installments multiple times throughout the day, then consolidated the funds and sent them to a custody address linked to Coinbase. Withdrawals ranged from $2 million to $17.2 million per transaction and appeared to have been withdrawn from a liquidity pool on the Meteora platform. This strategy was repeated three times, following a similar withdrawal of $33 million three weeks ago.
The Trump family's crypto empire boasts $1.6 trillion in profits.
This notable liquidity withdrawal comes amid growing pressure on President Trump's digital asset ventures. According to a Financial Times analysis last year, the Trump family generated approximately $1 billion in pre-tax income from cryptocurrency-related projects. Of this, the TRUMP and MELANIA meme coins alone generated $427 million, and the DeFi venture firm World Liberty Financial raised $550 million. President Trump personally earned $57.4 million from his partnership with the company, according to financial filings.
President Trump holds 15.75 billion WLFI tokens, representing 15.75% of the project's total stake. This governance token was listed on a major exchange in September of last year, once valuing the Trump family's stake at over $6 billion (approximately 8.676 trillion won).
TMTG's Aggressive Asset Strategy: Ranked 6th in the World for Bitcoin Holdings
Trump Media and Technology Group (TMTG) is also making notable strides in its asset management strategy. The company currently holds approximately 11,542 Bitcoins, worth over $1 billion (approximately KRW 1.446 trillion). This represents 20% of the company's total market capitalization and ranks 6th among publicly traded companies worldwide in terms of Bitcoin holdings. It holds more than Tesla, following MicroStrategy, Marathon Digital, and Block. TMTG CEO Devin Nunes stated, "Our company is accumulating Bitcoin to preserve financial freedom and independence from the discrimination of traditional financial institutions."
However, despite this massive BTC holding, TMTG's stock price has significantly lagged Bitcoin's performance. According to Google Finance, while Bitcoin has fallen 4.9% year-to-date, TMTG's stock price has plummeted 64% over the same period.
Lawsuits and Regulatory Cloudsโฆ The Light and Dark Side of "Trump Coin"
Despite President Trump's rapid progress, related projects are facing increasing legal pressure. Federal prosecutors recently filed a class-action lawsuit against Meteora co-founder Benjamin Chow, alleging that a pump-and-dump scam using Trump's name resulted in losses of at least $57 million (approximately 82.4 billion won). The complaint mentions tokens such as MELANIA, LIBRA, ENRON, and TRUST.
At the same time, three Trump-related wallets received $4.2 million worth of Meteora tokens and deposited them on the OKX exchange immediately after the complaint was filed, while the value of the MELANIA token plummeted by more than 99%, from its peak of $13.73 to $0.118.
Additionally, ALT5 Sigma, a Nasdaq-listed company backed by World Liberty Financial, recently appointed an unqualified accounting firm as its auditor, putting it at risk of delisting. The company's stock price has fallen 77% since the beginning of the year, fueling distrust.
Concerns are growing over the president's potential conflict of interest.
The ethics watchdog group CREW has publicly sounded the alarm about these sensitive moves. In a statement, they stated, "President Trump is engaging in cryptocurrency at an unprecedented level, with over 3,700 conflicts of interest already identified during his presidency." They added, "In addition to his foreign development projects, his cryptocurrency business has exacerbated his conflicts of interest and will likely reduce transparency."
๐ Market Interpretation
The revenue structure of President Trump's official wallet's repeated liquidity withdrawals and the expansion of its cryptocurrency business are becoming increasingly apparent. Meanwhile, growing legal and regulatory threats are weighing on the project's credibility.
๐ก Strategy Points
Memecoin and DeFi projects leveraging politicians' popularity can generate high profits in the short term, but their lack of popularity and transparency poses persistent regulatory risks. Withdrawal patterns from specific wallets warrant attention as a short-term market influencer.
๐ Glossary
Liquidity pool: A mechanism on a decentralized exchange (DEX) where users deposit coins to provide liquidity, facilitating the exchange of coins by others.
Pump and Dump: A fraudulent technique that artificially inflates prices and then sells them at the peak, causing losses to ordinary investors.
Governance Token: A cryptocurrency token that grants the right to participate in the decision-making of a specific project.
๐ก Want to know more? AI-prepared questions for you:
A. The official Trump memecoin wallet recently withdrew $33 million worth of USDC from the liquidity pool and deposited it on Coinbase. This represents a total withdrawal of $94 million over the past 30 days, and was achieved through a pattern of multiple, smaller withdrawals, all transferred simultaneously.
A. The Trump family generated approximately $1 billion in pre-tax income from digital asset projects over the past year. Of this, $427 million was raised through the TRUMP and MELANIA meme coins, $550 million through the World Liberty Financial token sale, and Trump himself received $57.4 million through his association with the company.
A. Trump Media & Technology Group holds approximately 11,542 BTC, valued at over $1 billion, making it the sixth-largest Bitcoin holder among global corporations. This represents 20% of the company's total value and is interpreted as a strategy to secure financial independence and combat anti-banking regulations.
A. This is because the Meteora co-founder was sued for a pump-and-dump scam exploiting the Trump family's support. The MELANIA token's price plummeted by over 99%, and evidence also emerged that related wallets were selling the suspicious tokens immediately after receiving the airdrop.
A. Cryptocurrency business conducted by the president presents a high risk of conflicts of interest between policy decisions and personal ventures. There have been over 3,700 cases of conflicts in the past, and this time, the expansion of digital assets and overseas businesses is expected to raise concerns about transparency.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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