Wallets associated with the deployer of the TRUMP memecoin have transferred approximately $94 million in USDC to Coinbase over the past three weeks, according to on-chain data highlighted by analyst EmberCN on December 31, 2025. The funds originated from proceeds generated through a specific liquidity mechanism on the Meteora platform.
The deployer utilized a single-sided liquidity strategy, supplying only TRUMP tokens within a defined price range without pairing them with stablecoins. As trades occurred within this range, the TRUMP tokens were automatically sold into USDC, which was subsequently routed to Coinbase. This method has become a recurring exit pattern for wallets linked to both the TRUMP and MELANIA tokens, indicating a coordinated trading operation rather than isolated activity.
Throughout 2025, team-linked wallets have repeatedly deposited large batches of TRUMP-related assets to major centralized exchanges. Notable prior transfers include a deposit of about 3.53 million TRUMP (worth roughly $32.8 million) to Binance in June, and earlier transfers totaling more than 12.54 million tokens (valued near $150.7 million) spread across multiple venues including OKX, Bybit, Robinhood, and Kraken.
While often framed as liquidity provisioning, these consistent exchange inflows have fueled ongoing market speculation about sustained selling pressure on the token. At the time of reporting, TRUMP traded at $4.96, up 1.2% on the day but still down 15% over the past 30 days and roughly 93% below its January 2025 peak of $73.
In an effort to counteract declining trading activity, the project recently announced a $1 million game campaign to boost participation. However, market sentiment remains divided. Critics point to deployer control, unclear liquidity mechanisms, and frequent exchange inflows as major risks. The token's association with former U.S. President Donald Trump, through licensing arrangements and reported allocations tied to MAGA-branded crypto ventures, adds a layer of political scrutiny. Estimates suggest Trump's crypto-related holdings have added over $1.2 billion to his net worth.
