TL;DR
- Wallets linked to the TRUMP token team withdrew $3.39 million in USDC from liquidity pools on Solana in just 10 hours.
- The mechanism used differs from a direct sale: tokens are deposited in one-sided positions on Meteora and traders gradually convert them into stablecoins.
- TRUMP trades at $2.50 per unit, posting a 7.1% drop in 24 hours and a trading volume of $750 million that collapsed 48.5% in the last session.
Wallets linked to the memecoin team TRUMP withdrew approximately $3.39 million in USDC from liquidity pools on the Solana network over a period of 10 hours, according to on-chain tracker Lookonchain.
The operation took place amid a rally in the token, driven by a broad improvement in the crypto market, and sparked a debate over the insider practices behind the project.
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.https://t.co/emffG5nCa7 pic.twitter.com/GYt1jfLPIm
— Lookonchain (@lookonchain) August 24, 2026
Converting TRUMP Into Stablecoins
The process used does not amount to a mass sell-off on an exchange. The wallets linked to the team deposited tokens in one-sided liquidity positions on the Meteora protocol, where trader activity gradually converted those TRUMP tokens into USDC. Once the conversion was complete, the stablecoins were withdrawn from the pool.
This structure has been used on previous occasions: in April 2025, team wallets withdrew around $4.6 million in USDC before moving the funds through Ethereum to Coinbase Prime. By December of that same year, the same wallet had removed approximately $94 million in 30 days, with individual transfers ranging from $2 million to $17.2 million.
Retail in the Red and Liquidity Under Pressure
This is particularly adverse for retail holders. By late June, nearly one million TRUMP buyers were sitting at a loss, with combined realized and unrealized losses estimated at $3.81 billion. A recent analysis indicated that approximately two thirds of the wallets that acquired the token are operating in the red.
Interest in crypto assets linked to the Trump family remains elevated. Recent estimates placed the family’s total crypto wealth at around $1.4 billion. A survey by Reuters/Ipsos revealed that 63% of respondents consider the family’s crypto gains inappropriate.
Withdrawing liquidity does not automatically trigger a price drop, but thinner pools raise slippage and make the token more vulnerable to any eventual decline in demand. That team wallets are converting liquidity into stablecoins precisely during a rally adds a risk variable the market should not ignore.
