The TRUMP meme token faces a sharp decline following significant liquidity withdrawals linked to insiders and the project team.
Withdrawal of $6 Million in 24 Hours
On-chain data reveals a sudden and coordinated exit. A wallet connected to the Trump Meme Team, identified as 0xC6f64aCde165c…, withdrew 347,337 TRUMP (worth ~$3.12 million) and 4.4 million USDC (~$4.4 million) from the Metrona (TRUMP-USDC) pool. Both tokens were pulled and later bridged to Ethereum. Some funds even landed on Coinbase, suggesting this was more of an exit than a standard shift.
TRUMP Token Price Drop
Compounding the issue was a separate Solana wallet, Kewh32zffqXCaGuf…, that dumped 275,672 TRUMP (~$2.49M) just hours before the team withdrawal. The timing suggests coordinated action, especially given the wallet’s prior ties to staking routes and known insider funding paths. As a result, the TRUMP token lost over 6% intraday and is now down nearly 90% from its all-time high.
Concerns About Potential Rug Pull
AI analytics platform Alva flagged a sentiment shift to negative shortly after the transactions, noting a mismatch between public bullish narratives about the TRUMP coin and the private actions of large token holders. The funds removed were not simply parked; data confirms that over $4.4M USDC and team-linked TRUMP tokens were later routed to Ethereum wallets and CEXs, including Coinbase. This pattern echoes previous rug pull tactics, where tokens are first bridged and then offloaded.
The current situation with the TRUMP meme token raises serious concerns among investors and market participants. The lack of official comments from the project team exacerbates the situation, undermining trust in the project.
