January 01, 2026 ChainGPT

“Official” TRUMP Memecoin Quietly Drains $94M in USDC via Solana DLMM, Funds Sent to Coinbase

“Official” TRUMP Memecoin Quietly Drains $94M in USDC via Solana DLMM, Funds Sent to Coinbase
Headline: “Official” TRUMP Memecoin Quietly Drains ~$94M in USDC Using Solana DLMM — A Slow, Stealthy Exit In what on-chain analysts call a deliberate and low-profile unwind, the team behind the “official” TRUMP memecoin has siphoned roughly $94 million in USDC from its liquidity pools over the past three weeks. Analyst EmberCN’s chain tracing shows much of that cash was sent straight to Coinbase, suggesting the moves were more than routine profit-taking. Not a sudden rug — a calculated soft unwind Rather than a blunt “hard rug pull” — where developers pull all liquidity at once and disappear — the TRUMP team appears to have executed a more surgical strategy. On Solana, they used Meteora’s Dynamic Liquidity Market Maker (DLMM) to withdraw value slowly without tripping major market alarms. How the strategy worked - The team placed single-sided liquidity: they deposited only TRUMP tokens at specific price levels on Meteora, without pairing them with USDC. - When market prices hit those levels, the DLMM automatically converted the positioned TRUMP tokens into USDC. - This mechanic allowed the developers to realize USDC proceeds gradually while avoiding an immediate, chart-crashing dump — all while retail buyers continued to chase and prop up the token. Scale and timing The liquidation has been large-scale and accelerating even as TRUMP’s price collapsed. The token is down more than 90% from its January 2025 peak. On December 31 alone, a wallet tied to the core team pulled $33 million in USDC from pools and forwarded the funds to Coinbase. A repeated playbook: MELANIA followed the same route Investigators say the MELANIA token, which launched shortly after TRUMP, employed the identical single-sided liquidity method on Meteora. MELANIA is now sharply off its all-time high of about $74, and its steady liquidity removals mirror what’s happening with TRUMP — signaling a possible “winding down” phase for both projects. Market context and wider implications By December 31, TRUMP was trading around $4.94 — a modest 0.31% uptick that does little to mask a roughly 90% collapse from its post-inauguration highs. The broader “Trump crypto ecosystem” hasn’t fared much better: World Liberty Financial (WLFI), the project formally associated with the President, finished 2025 about 56% below its launch high. The controversy this activity raises is as much political as it is financial: critics and observers are asking whether a sitting president should remain connected to private crypto ventures that engage in opaque liquidity exits. Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. © 2025 AMBCrypto Read more AI-generated news on: undefined/news