Wallets linked to the TRUMP memecoin team pulled $3.39 million in USDC from liquidity pools as the token rallied amid renewed optimism in the crypto market.
TRUMP$1.83-2.29%The withdrawal came as TRUMP gained momentum during a broader crypto market rally, with traders linking part of the renewed interest to President Donald Trump's recent comments about the possibility of the U.S. expanding its Bitcoin and crypto holdings.
The TRUMP team does not necessarily sell its tokens directly on the open market.
Instead, wallets linked to the project have used single-sided liquidity positions on Meteora, a decentralized exchange built on Solana.
According to the mechanism highlighted by Lookonchain, the wallet deposits TRUMP tokens into a liquidity position within a specific price range. As traders buy and sell against the pool, part of the TRUMP supply can gradually be converted into USDC.
The wallet can then withdraw the accumulated USDC and move it elsewhere.
According to Lookonchain's on-chain analysis, the latest activity involved the removal of $3.39 million in USDC during the recent rally.
This approach differs from simply sending a large amount of TRUMP tokens to an exchange and selling them directly on the market. However, it can still result in value being extracted from the liquidity pool as trading activity converts TRUMP into USDC.
The latest liquidity withdrawal happened as the broader crypto market experienced a strong recovery.
Bitcoin's rally above $75,000 and its subsequent push toward $80,000 helped improve sentiment across the market, while a large short squeeze and renewed institutional demand added further momentum.
Trump's comments at the recent White House crypto summit also contributed to the broader optimism surrounding the industry.
Related: Trump calls for CLARITY Act at White House crypto summit as HYPE surges
The latest transaction appears to follow a pattern that has been observed before.
Lookonchain previously reported similar activity in April 2025, when wallets associated with the TRUMP team removed approximately $4.6 million in USDC from a liquidity pool. The funds were later bridged to Ethereum and deposited into Coinbase Prime.
The scale of the activity increased later that year.
By December 2025, on-chain data reportedly showed that the same wallet had withdrawn around $94 million over a 30-day period. Transactions ranging from millions of dollars were also tracked moving toward custody addresses associated with Coinbase infrastructure.
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The #Trump team is selling $TRUMP by adding and removing liquidity. Over the past 10 hours, they have received 3.39M $USDC from selling $TRUMP. solscan.io/account/BDNBtN…
